The move, which includes the temporary removal of mortgage establishment fees, is part of efforts by the banking sector to smooth over relations with customers after a round of large out-of-cycle interest rate rises. Continue reading Commonwealth Bank cuts fees to win back unhappy customers
When you are in this situation, one of the most commonly asked questions you will ask yourself is:
“Should I take out a principal and interest or interest only loan?” Continue reading What sort of loan grabs your interest?
The Reserve Bank has left interest rates unchanged, providing relief for borrowers and retailers in the crucial shopping weeks before Christmas.
The central bank kept rates at 4.75 per cent – the level it raised them to last month – amid signs of weakness in parts of the economy not benefiting from the rekindled mining boom. Continue reading RBA: Interest rates on hold