Most home loan customers are planning to use the latest reduction in interest rates to increase their mortgage repayments, a national survey has found. The Priority Lending poll which asked “How will you take advantage of the May interest rate reduction?’ found 57 per cent said they would be using the extra money to boost…
The major banks are unlikely to pass on the whole cut in official interest rates by the Reserve Bank of Australia (RBA) but should provide a significant cut, according to a survey by leading mortgage broker Priority Lending Priority Lending Corporate Spokesman Paul Smith said a survey of the company’s mortgage brokers found just eight…
Struggling sectors of the economy and home owners battling cost of living increases will be satisfied the Reserve Bank of Australia (RBA) has finally offered some interest rate relief, says leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman said the RBA lowering its cash rate by half a percentage point to 3.75 per cent…
Most home loan customers are counting on the Reserve Bank of Australia (RBA) to lower official interest rates today at its May monthly meeting, a survey has found. The Priority Lending poll which asked “What action do you expect the RBA to take at its next meeting in May?’ found 88 per cent believed there…
Demand for fixed rate home loans has been surging despite the prospect of official interest rate relief from the Reserve Bank of Australia (RBA), says leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said the company had experienced a significant rise in demand for fixed rate loans over the past month as…
Most Australian mortgage holders are traditionally reluctant to consider shopping around for an alternative home loan as they need convincing they can achieve sufficient annual savings, says leading mortgage broker Priority Lending. A national survey by Priority Lending found 41 per cent of the 763 respondents said they would want to obtain savings of between…
Interest rate movements are currently the least influential factor affecting whether potential first home buyers can enter the property market, according to a survey by leading mortgage broker Priority Lending Priority Lending Corporate Spokesman Paul Smith said a survey of the company’s mortgage brokers found just five per cent thought interest rates are the main…
Another month of sluggish home loan approvals highlights the compelling case for the Reserve Bank of Australia (RBA) to stop fence sitting and deliver a interest rate cut in May, says leading mortgage broker Priority Lending. Priority Lending corporate spokesperson Paul Smith said the latest Australian Bureau of Statistics (ABS) figures for February 2012 show…
Cautious Australian consumers have more confidence in the share market becoming more profitable over the next year than any other investment sector, a national survey has found. The Priority Lending poll which asked “Which investment sector do you believe will be the most profitable over the coming year?’ found 33 per cent thought shares were…
Home loan customers will be disappointed the Reserve Bank of Australia (RBA) has continued to cloud the interest rate outlook by keeping its cash rate on hold, says leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said today’s decision by the central bank’s board to leave the cash rate at 4.25 per…