Home Loans Mortgage News

Bank of Queensland to acquire ME Bank, pushes to compete with big four

Bank of Queensland has revealed a $1.325 billion deal to purchase ME Bank in an effort to compete with the big four banks and “balance out” its presence on the east coast.

“Encouraging sign of recovery”: Just 9% of bank loan deferrals still outstanding

As automatic loan deferrals offered by Australia’s biggest banks come to an end, new figures show that 91 per cent of all loans that were deferred have resumed repayments.

UBank OO 3 Year Fixed

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Limited time only. Apply by April 29 2021. Application to be settled within 90 days in order to be eligible. ~ Ends in about 2 months

Interest rates ranked in the best 20%No upfront or ongoing fees

Advertised Rate

1.75%

Fixed - 3 years

Comparison Rate*

2.22%

View Now UBank terms and conditions

Fix the interest rate on your owner occupier home loan for up to three years and pay no ongoing fees.

Home buying intentions increase as property prices tipped to rise

Home buying spending intentions are continuing to rise in 2021, according to the latest Household Spending Intentions Series by CommBank. Meanwhile, housing prices across Australia have been tipped to rise around 14 per cent in the next two years.

Australia’s lowest 2-year fixed rate now comes with $3K+ cashback

Home loan cashback deals are heating up again, with international bank, HSBC, today offering a $3,288 cashback to refinancers on its fixed and variable rate loans.

Some of the best owner occupier home loans for February 2021

With Australia’s cash rate predicted to sit on hold at just 0.10 per cent for at least the next few years, RateCity analysis indicates that we may be looking at the bottom of the cycle when it comes to home loan interest rates.

Home loans hit a new record low of 1.69%

Greater Bank has today claimed the new lowest home loan rate in Australia – 1.69 per cent, fixed for 1 year.

Home loan cashback deals for February 2021

If you’re on the path of greater financial health this year, you may be considering refinancing your home loan. And in February, there are a range of home loan cash back deals up for grabs for refinancers.

How refinancing your home loan could save you big

In a time when every dollar counts for household budgets, it’s no surprise so many Australians are looking to get a little breathing room from their mortgage repayments. Let’s take a look at just how refinancing may help your finances in 2021.

RBA remains on hold – have home loan rates hit the bottom?

The RBA has kept rates on hold today as analysis of the home loan market indicates rates may be inching closer to the bottom of the cycle.

Low rates, FOMO drive home lending to new high in December

The value of home loans settled in the month of December has hit another record high, thanks to record-low rates, generous government incentives and borrowers’ fear of missing out.

Neobank 86 400 to combine with UBank

One of the leading neobanks in Australia, 86 400, has today announced the proposal for its acquisition within the NAB family, combining with UBank.

What is Best Interest Duty, and why is it important to you?

From 1 January 2021, new Best Interest Duty (BID) laws came into effect for mortgage brokers and financial advisers. This could change the way that Australians search for home loans, and how finance professionals offer their advice.