Demand for home loans slumps in January

DEMAND for new home loans dropped nearly 8pc in January, the fourth consecutive monthly decline.

How to survive an increase in mortgage rates

 
Today the RBA lifted official interest rates by 0.25% taking them to 4.0%. Last month the RBA governor Glenn Stevens indicated rates were around 1% below average and with economic activity and confidence up it is matter of when, not if rates will rise to 5%. Most pundits believe official rates will be at 5% [...]

Home loan affordability falls to a seven year low

The affordability of home loans across Australia has fallen to a seven year low according to the AMP Banking/REIA Home Loan Affordability Indicator released today.