As property prices rise, don’t forget to negotiate your interest rate on your home loan. For years I’ve been encouraging Aussies with a home loan to ring your bank and negotiate your interest rate. So many wait for the RBA to cut official interest rates to save on their home loan when the reality is… Read more »
Given the intricacies and possibilities around home loans, the so-called comparison rate may not always be helpful. As a tool, it can be too blunt for the job. We trust ourselves all the time with the comparisons we make in everyday life between items as varied as shoes, cars and even people. So, we’d expect… Read more »
This morning Reserve Bank Governor, Phillip Lowe, fronted (digitally) a parliamentary committee and had a lot to say. The highlights for me of what he said are: – The official cash rate of 0.25 per cent will stay at this level for up to 3 years. He says that will help business (and average Australians)… Read more »
NAB has cut the introduction rate on its iSaver account by 0.15 per cent and on its Reward Saver account by 0.11 per cent. It doesn’t sound much but when savings account returns are so low to start with it is quite a hit… particularly when there has been no change to official interest rates. … Read more »
Hey gang, get up to speed on this week’s financial trends with my market updates. Interest rate could drop even further Just when you thought money was cheap with such low interest rates on loans and savings accounts…it could be getting even cheaper. Reserve Bank deputy governor Guy Debelle was this week talking at a… Read more »
