Mortgage News Archive - November 2007
Fearful are rushing to fix loans
WORRIES about another interest rate rise have prompted more first home buyers to take out fixed-rate loans, new data shows. More
November 30, 2007
Property investors bide time
INVESTORS are marking time as nationwide demand for properties fell by 7 per cent during the third quarter of 2007. More
November 29, 2007
Less stress despite rate hikes
HOUSEHOLDS are less likely to face problems paying their rent or their mortgage than they were six years ago, despite rising rents and interest rates. More
November 27, 2007
Home affordability lowest in 22 years
HOME affordability is at its lowest level in 22 years, with more than a third of a family's income needed to make average mortgage repayments, the Real Estate Institute of Australia (REIA) says. More
November 23, 2007
Uninformed retirees eating the house
ELDERLY people eroding the equity in their homes via reverse mortgages often have little idea what they are getting themselves into, with some treating the loans like credit cards. More
November 21, 2007
Housing leaders optimistic
RESIDENTIAL real estate industry leaders have welcomed the election of the Rudd government. More
November 26, 2007
Fixed interest rates on the rise
COMMONWEALTH Bank has cranked up fixed interest rates on home loans,and says the rest ofthe market has followed suit. More
November 22, 2007
Tricks of the loan trade
AFTER the latest interest rate rise, potential borrowers are being warned about some of the tricks used by some lenders to win business. More
November 13, 2007
House prices defy rates to rise
THE interest rate hike in August failed to dampen the national property market, with house prices surging 3.5 per cent in the September quarter to be 10.6 per cent higher than a year ago. More
November 7, 2007
Prime Minister says sorry for rate rise
HOMEOWNERS have been slugged with another interest rate rise, the first-ever during an election campaign, pushing mortgage rates towards a 13-year high. More
November 7, 2007
Fix, float or split?
AUSTRALIANS have indulged in a long running love affair with variable rate home loans, but as times get tougher is it time to fix or split? More
November 7, 2007
Variable loans cost less
TAKEN out a fixed rate home loan any time since 1990? Chances are your efforts to outmaneouvre the Reserve Bank's rate rises have cost you thousands of dollars in extra interest. More
November 5, 2007