Browsing Tag:Reserve

anz-raises-mortgage-charges-after-reserve-financial-institution-hikes-official-money-price-to-0-5
Robert Kitchin / stuffThe Reserve Bank has withdrawn some of its monetary stimulus despite the worsening Delta outbreak.The Reserve Bank raised the official cash rate by 25 basis points to 0.5 percent, ending an 18-month period at a record low of 0.25 percent. The ANZ, the country's largest bank, announced within minutes that it was raising...
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banks-slash-variable-rates-of-interest-at-the-same-time-as-reserve-financial-institution-stays-firmly-on-maintain
Lenders have cut adjustable mortgage rates to attract new customers in the booming pandemic real estate market, even as the Reserve Bank keeps official rates unchanged.Important points:The Reserve Bank has extended its $ 4 billion monthly bond purchase stimulus plan until at least mid-FebruaryThe move is in response to the economic impact of the lockdowns in NSW, Victoria, and...
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Australians could soon be paying more than $ 26 billion a year in additional mortgage repayments if interest rates "normalize", but the Commonwealth Bank argues that there are several reasons most households will do just fine.Important points:The RBA's rate decision will be announced at 2:30 p.m. AEST, followed by a rare press conference from the governorNobody expects a rate...
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federal-reserve-retains-charges-low-how-your-mortgage-refinance-is-impacted
items Homeowners should consider refinancing their mortgage to take advantage of the lower federal policy rate. (iStock) Until other economic factors show signs of a consistent recovery from the effects of the coronavirus pandemic, the Federal Reserve has ruled that the federal policy rate will remain unchanged. If you are considering mortgage refinancing, now...
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