First home buyer activity has subsided following a strong start to the year and highlights the need for the Reserve Bank of Australia (RBA) to lower official interest rates, according to leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said the company’s enquiries from first home buyers had dropped off 20 per…
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Home loan customers are considering a fixed interest rate for their mortgage because of the uncertainty over whether lenders will follow the lead of the Reserve Bank of Australia (RBA), a national survey has found. The Priority Lending poll which asked “Given recent decisions by the RBA and rate changes by lenders are you considering…
Slowing activity in the home finance sector provides further pressure for the Reserve Bank of Australia (RBA) to consider a rate adjustment next month, according to leading mortgage broker Priority Lending. Priority Lending corporate spokesperson Paul Smith said the latest Australian Bureau of Statistics (ABS) figures for January 2012 show a small1.24 per cent drop…
Most home loan customers expect the Reserve Bank of Australia (RBA) to lower official interest rates next week in response to lenders lifting their variable rates independently, a survey has found. The Priority Lending poll which asked “How much influence do you think recent rate rises by lenders will have on the RBA decision in March?’ found…
With hundreds of home loans available and even more structuring options, no two home loans are the same. However, the good news is, the main principals to getting ahead on your home loan are the same no matter what home loan and structure you have. For anyone paying a home loan the idea of owning…
Priority Lending mortgage brokers can now be found in a number of online directories. You can find Priority Lending on the Sydney Business Directory making it even easier for home buyers to get in touch with expert mortgage brokers in their local area. Mortgage calculator tools also make planning for the purchase of your new…
Mr Smith said although the Bank of Queensland lifted its standard variable interest rates yesterday by 10 basis points it had been one of the few lenders not to increase mortgage rates in February. “The majority of our brokers believe the major banks will leave their rates alone this month,” he said. Mr Smith said…
The Reserve Bank of Australia (RBA) keeping official interest rates on hold reflects the stable domestic economic environment, says leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said today’s decision by the central bank’s board was no surprise as most economists had expected the RBA to leave the cash rate at 4.25 per cent.…
If you’re a first home buyer using an online mortgage calculator tool can help you save time and money when looking for your new home. For many home buyers, buying property is as much an emotional decision as it is financial. A golden rule for home buyers is finding out early exactly what you can afford to…