Trust in the big four banks has plummeted as customer-owned financial institutions gain some trust, according to new research. As read in MortgageBusiness Online – A survey of 1,000 Australian consumers by Essential Media has revealed that nearly half of respondents, or 47 per cent, have less trust in the major banks, while 14 per […]
As read in Aust Broker Online – New data has shown a 2% increase in borrowers opting for variable rate home loans, as demand for fixed rate loans fell for the 8th month in a row. According to Mortgage Choice’s latest national home loan approval data, variable rate home loans accounted for over 82% of all […]
As read in Mortgagebusiness online – Home loan demand has dropped for the fifth consecutive month, driven by a continual fall in investor lending activity, new ABS data has revealed. According to the latest Housing Finance and Lending Finance data from the Australian Bureau of Statistics (ABS), the total value of dwelling commitments fell by 0.2 of a percentage point in […]
As read in The Adviser online -The Reserve Bank of Australia has today announced the official cash rate for June following its monthly board meeting. The RBA board has again decided to keep the cash rate at a record low of 1.50 per cent, in a move predicted by most industry pundits. The decision once again […]
