by Mortgage Innovations | Nov 14, 2023 | Financial Advice, Home Loans, Industry Updates, Interest Rates
In a significant move, the Reserve Bank of Australia (RBA) has announced an increase in the nation’s cash rate by 25 basis points, bringing it to 4.35%. This first increase since June is set to impact many, particularly homeowners with variable rates or those with...
by Mortgage Innovations | Oct 11, 2023 | Financial Advice, Home Loans, Interest Rates
When it comes to managing your finances, preparation is the key. And if you’ve locked into a fixed-rate home loan, there’s an all-important date looming on the horizon – the expiry of your fixed rate. What happens next? Often, homeowners are caught...
by Mortgage Innovations | Oct 11, 2023 | Home Loans, Interest Rates, Refinancing
We are thrilled to share an inspiring success story from the world of finance that’s bound to make you believe in the benefits of making informed choices. Recently, a lovely couple approached us, eager to refinance their home loan. They were tied down to a...
by Mortgage Innovations | Sep 12, 2023 | Home Loans, Interest Rates, Refinancing
Background: Darren & Marion, like many homeowners, had begun to feel the pinch of their interest rates – 6.89% and 7.69%, respectively. With increasing financial pressures and a desire to optimise their financial commitments, they started to explore...
by Mortgage Innovations | Jul 6, 2023 | Financial Advice, Industry Updates, Interest Rates
The Reserve Bank of Australia’s (RBA) decision to hold the official cash rate steady at 4.1% marks the second pause in monetary tightening for 2023. This decision reflects a balance of the central bank’s assessment of the country’s economic growth,...
by Mortgage Innovations | Jun 8, 2023 | Financial Advice, Industry Updates, Interest Rates
This month, the Reserve Bank of Australia (RBA) chose to move the cash rate to 4.10%. With the cash rate increasing by 4 percentage points since the start of 2022. On top of that, many fixed-rate loans are due to expire in the second half of this year, which could...