interest rates Archives - MO'R MORTGAGE OPTIONS

What’s mortgage stress, and are you at risk?

Mortgage stress is a term that's been getting a lot of airtime lately, and for good reason. According to Roy Morgan research, more than 1.3 million Australian mortgage holders (this means about one in four) are now considered at risk of mortgage stress. That's a big number and with rate hikes in Feb, March and May 2026, we know there are many homeowners finding things tough right now. Mortgage stress is typically defined as the point when repayments exceed a certain % of one’s gross … [Read more...]

What does a mortgage broker do? Why use a mortgage broker?

What does a mortgage broker do? Why should you use one? If you’ve not used a mortgage broker to help with your loans before, you might be wondering how they can help you. After all, can't you just talk directly with the bank to arrange your loan? Well, yes. Technically you could. But with 74.1% of home buyers choosing to work with a mortgage broker instead of talking directly to a lender, here are a few reasons you should consider working with a mortgage broker too. As mortgage … [Read more...]

Why haven’t interest rates fallen yet?

Only last week (18 June), we saw the Reserve Bank of Australia (RBA) announce the cash rate would remain unchanged, yet again. (If you were a little surprised by the rate announcement and thought the RBA only met at the start of each month, you can read our post about the new RBA meeting schedule here.) The cash rate hasn’t changed since November 23 and given the RBA isn’t due to make another decision until August, the cash rate will remain as-is, on ice, at least until 6 August. But … [Read more...]

What’s stopping you from buying a home?

Want to buy your first property, but feel like something is stopping you from buying a home? You know it’s the right time to break free from your parents (or the renting cycle) but you’re also worried about interest rates and the state of the property market. Is it really the right time to buy a home? Here we examine some of the fears you may have a buyer and suggest ways to overcome them. The Fear of Missing Out Good old FOMO often makes an appearance when you’re getting … [Read more...]

What’s happening with property values in 2024?

If buying a home is a priority this year, here are some thoughts on where property values might be headed in 2024. Before we pull out the crystal ball for the coming year, let’s look back at the change in home values we saw over the past 12 months. In 2023, despite five official rate hikes, increases in living costs due to inflationary pressures, home values still increased nationally by 7%. On top of that, there were three capital cities which experienced growth above the national … [Read more...]

What’s changing with the RBA and their interest rate decisions?

RBA Feb 24 Cash Rate Decision The Reserve Bank kept the cash rate steady in February. However, a change to the RBA’s 2024 meeting schedule has commentators theorising about how this will impact interest rates changes this year. The RBA’s decision to keep the cash rates on hold at 4.35% earlier this month wasn’t unexpected, given the latest inflation data. Because after months of steadily rising living costs, inflation seems to be finally heading south, currently at 4.1% down from 7.8% in … [Read more...]

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