While the chaos of this week’s banking royal commission final report has attracted most attention in the finance industry, the RBA this week kept interest rates on hold at 1.5 per cent for another month in its first cash rate announcement for the year.
News
Mortgage brokers reeling after Hayne Commission final report
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06 February 2019
Mortgage brokers are reeling and angry today after the banking royal commission final report put the industry on shaky ground.
Lenders widen gap between discount floating and fixed rates to guard against possible RBA rate cut
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31 January 2019
Lenders are preparing for a possible interest rate cut from the RBA by letting the discount rate between floating and fixed rates widen by up to 30 per cent.
Mortgage brokers await final report from banking royal commission
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30 January 2019
The final report from the banking Royal Commission is imminent and mortgage brokers and small lenders say if it leads to an overhaul of broker fees it could be bad for borrowers and good for the major banks.
Melbourne property downturn could get worse
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23 January 2019
The Melbourne property market downturn could get worse this year after record falls in the later part of 2018.
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