RBA Leaves Consumers in a Cloud

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…

First Home Buyer Activity Slumps in March

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…

Nervous Borrowers Looking to Lock In: Survey

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…

Slow Approvals May Compel RBA Rate Cut

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…

Getting Ahead On Your Home Loan

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 Online

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…

Majors to Keep Rates Power Dry: Survey

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…