Thursday, January 5th, 2012
THE standoff over home loan interest rates has ended, with Australia's big four banks finally yielding to political pressure and intervention by Treasurer Wayne Swan by passing on the Reserve Bank's 0.25 point cut.After two days of silence from the big four - and a storm of public protest and ...
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Wednesday, December 21st, 2011
New Delhi, Dec 19 : Real estate firm BPTP Ltd today announced a partnership with HDFC to offer home loans at 5.99 per cent per annum, guaranteed for first five years. "This is part of a limited period special offer, designed to make home loans affordable to consumers...the ...
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Monday, December 5th, 2011
CONOR POPE, Consumer Affairs CorrespondentTHE EBS has announced it is to reduce its standard variable rate by 0.25 of a percentage point in line with the reduction announced by the European Central Bank.The move will mean the rate falls from 4.93 per cent to 4.68 per cent from the beginning ...
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Monday, December 5th, 2011
MICHAEL O'REGANTHE TAOISEACH has challenged banks which are withholding mortgage interest rate reductions, saying the Government is open to introducing legislation on the issue.Enda Kenny said he did not think it was "fair at all that a bank, because it priced itself in a particular way on tracker mortgages, should ...
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Tuesday, November 29th, 2011
Mortgage rates are mixed this week over last, as fixed conforming 30 year mortgage rates made a new record low on Monitor Bank Rates' average mortgage rate table. Current 30 year mortgage rates are averaging 3.95%, a record low rate and down from last week's average 30 year mortgage ...
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Tuesday, November 29th, 2011
Borrowers should be cautious about taking a fixed-rate home loan now. The rush of borrowers towards fixed-rate loans at a time when official interest rates have started to fall has Australia's credit ombudsman worried.With one interest rate cut in the bag, Ombudsman Raj Venga has urged borrowers to carefully ...
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Sunday, November 27th, 2011
MELBOURNE, Nov 2 (Reuters) - National Australia Bank , the nation's biggest bank, cut its home loan rates on Wednesday but the reduction was below the central bank rate cut and its three main rivals.NAB, which still offers the lowest mortgage rate among the top banks, blamed rising funding costs ...
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Sunday, November 27th, 2011
Australia's biggest home lenders cut mortgage rates soon after the central bank reduced the cash rate for the first time since April 2009.Westpac took just 15 minutes to pass on the Reserve Bank of Australia's (RBA) 0.25 percentage point rate cut in full on Tuesday. It will lower its standard ...
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Friday, November 11th, 2011
FOR the first time in more than two years the Reserve Bank of Australia (RBA) has cut interest rates to provide much-needed relief to homeowners across Australia.Most economists were predicting a cut and the RBA delivered by cutting its cash rate by 25 basis points to 4.5 per cent.Westpac was ...
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Friday, November 11th, 2011
Mortgage rates decreasedtoday following U.S.bond yields and equity markets down as Italian bond yields rose to a record level.Today's mortgage rates on 30 yearhome loanshit a new record of 3.99% on Monitor Bank Rates'snational average mortgage rates survey. 30 yearmortgage ratesdeclined from yesterday's average 30 year mortgage rate of ...
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