RBA

The major banks have announced changes to interest rates following the central bank’s most recent rate rise of 25 bps.

The major banks have weighed in with their predictions on the Reserve Bank’s cash rate decision on 7 March 2023.

The central bank’s February 25-bp cash rate hike has started flowing through to the first major banks.

A host of lenders, including the major banks, have reduced their mortgage rates in response to the Reserve Bank’s fourth cut to the cash rate.

Despite no change to the cash rate, Bluestone Home Loans has dropped rates across several products.

The Reserve Bank’s governor has insisted the board is “prepared to be patient” and to wait for the right conditions for a cash rate change.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

A new survey has indicated that many borrowers feel that they aren’t getting the best offers available from their lenders.

At its August monetary policy meeting, the RBA handed down its fifth cash rate call of the year.

The central bank has revealed that the majority of mortgage holders are able to make repayments despite inflationary and interest rate pressures.

Data from several broker groups have shown that borrowers are increasingly reviewing their home loans, as rates continue to rise.

Some Australians borrow more to “keep up with the Joneses” but not for houses, latest data has revealed.

Brokers have reacted to the renewed spectre of additional rate hikes after Australia’s four largest banks revised their forecasts for the Reserve Bank’s next decision.

Brokers say refinancing demand is accelerating in the wake of the Reserve Bank of Australia’s latest rate hike, with borrowers moving early to avoid being squeezed out of the market.

In this latest episode of Broker Daily Uncut, the panel discusses the immediate implications of the RBA cash rate hold.