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Archives for October 2021

Fixed Rates – October 2021

Given the recent talk about interest rates (and a round of fixed rate increases in October), we thought it was time to share an updated post on rates.  Please note analysis and commentary on interest rates provided here is based on data available as at 28 October 2021.   Cash Rate Futures Yield Curve The Cash Rate Futures Yield Curve is a tool we use to provide insight into how the market expects interest rates to behave. More specifically, it reveals market expectations of RBA Cash … [Read more...]

Homeowners are still refinancing in record numbers: are you one of them?

With interest rates still at record low levels, it's not surprising we're assisting record numbers of clients with their refinances. (It might also have something to do with the fact that you've all been at home for a few months and had some time to slowly work through those 'jobs' we tend to put off doing!)  Data released by the ABS last month confirms that we're not just imagining things. Refinanced home loans reached an all-time high of $17.2 billion in July, reflecting a 6% increase on … [Read more...]

Oct21: APRA’s Change to the Interest Buffer Rate

You may think it's pretty easy to work out what you can afford to borrow. After all, there seem to be plenty of online calculators available where you plug in your details and voila, out spits a figure that a faceless lender will theoretically lend you. We're here to tell you there's a little more to it than than. Sure you may have worked out how much you can afford to pay in repayments each month, and decided it's well within the budget. But in terms of officially qualifying for a loan with … [Read more...]

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