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06 25th, 2009| 
NEW national consumer credit laws, which include tougher penalties for dodgy lenders, are being introduced by the Federal Government.
Financial Services Minister Chris Bowen says the measure will make it less likely that families...
Jun
25
Jun
18
HOME loan borrowers are paying an extra $2.7 billion a year in repayments because they don’t shop around for the best deals.
Despite the major banks charging higher interest rates than smaller lenders, about 90 per cent of home buyers still choose one of the more expensive big four banks, according to financial research company InfoChoice.
After this week’s interest rate increases by the major...
Jun
17
FURTHER variable mortgage rate increases were unlikely in the current round of rate adjustments by the major banks, a senior executive with one of the nation’s Big Four lenders has said.
As more banks hiked their fixed-rate home loans yesterday, the executive, who requested anonymity, played down the prospect of other lenders following the lead of the Commonwealth Bank, which last Friday controversially lifted its variable rate by 10 basis points to 5.74 per cent.
Jun
12
The Treasurer, Wayne Swan, has branded a decision by the Commonwealth Bank of Australia to raise its home loan interest rates as “selfish”.
Mr Swan said the...
Jun
3
MORTGAGE arrears decreased in the first quarter as cuts to interest rates and the Federal Government’s stimulus payments offset the debt binge that traditionally takes place at Christmas.
Fitch Ratings said that it was the first time in 10 years of measuring arrears that there had been a decrease in the first quarter from the fourth quarter.
Increases usually occur due to...