Statement by Glenn Stevens, Governor: Monetary Policy Decision
At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.0 per cent, effective 3 March 2010.
The global economy is growing, and world GDP is expected to rise at close to trend pace in 2010 and 2011. The expansion is still hesitant in [...]
Over the last few days most of the smaller banks and non bank lenders have followed the lead of Westpac by raising their rates well in excess of the December RBA rate rise.
Its probably fair to say that many of the banks have Gail Kelly and Westpac to thank for leading the way and doing [...]
As expected the RBA raised the cash rate by 25bps which will mean an increase of $45 on the average mortgage. Westpac however reflecting the cost of raising funds have increased their rates by .45%.
Whilst commentators will criticize Westpac for this, its interesting to note, it would appear that costs of funds is increasing, certainly [...]
Mortgagebot.com.au aims to increase competition in the Mortgage Market.
MortgageCorp Australia announces the launch of MortgageBot.com.au Australia’s first true online mortgage broker and home loan comparison engine.
Mortgagebot allows borrowers to calculate the loan payments, Stamp Duty, Lenders Mortgage Insurance and all fees for 25 lenders and 500+ Loans in real time.
“With the Big 4 banks [...]
We are still arranging pub finance for good freehold hotel deals. Mortgagecorp has relationships with most of the major and second tier banks and can arrange pub finance for both freehold and leasehold hotels.
Depending on the value of the purchase we can arrange either a local banker or a city based pub specialist to work [...]
