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Interest Rates Have Evolved

Posted on by Laze Spasevski
Interest rates have evolved over the past 18 months according to the latest Reserve Bank of Australia (RBA) data. It certainly has shown the impact the RBA's cash rate rises have had on the mortgage market. The key is to compare average interest rates for all outstanding loans in April 2022 – the month before the first rate rise – and August 2023 – the most recent month for which we have da...
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Borrowers Favour Lower-Rate Variable Loans

Posted on by Laze Spasevski
Borrowers favour the lower-rate variable loans right now. According to the  October 22 data from Australian Bureau of Statistics, only 4% of borrowers fixed their loans (both new loans and refinances). Very few borrowers are currently fixing their home loans – unlike a year earlier when about half of borrowers were doing so. By contrast, 44% of borrowers fixed in October 2021 and 46% in ...
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