Interest Rate

When Will Interest Rates Go Down?

personOtto Dargan access_timeAugust 16, 2023

As the Reserve Bank of Australia (RBA) works to control rising prices, many people ask: When will interest rates go down? To help answer this question, Home Loan Experts CEO Alan Hemmings shares insights that mix careful thinking with hopeful expectations about interest rates. Expert...

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Escape The Rate Hike Trap: Unveiling The True Cost After Your Fixed Rate Ends

personOtto Dargan access_timeJuly 21, 2023

The fixed-rate cliff is here. Most fixed-rate home loan terms will end between June and September 2023. Many people got a low fixed rate for two years when the cash rate was at its emergency low of 0.10% between November 2020 and April 2022. Now those terms are near their end. The...

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How To Minimise The Impact Of Interest Rate Rises In 2023

personOtto Dargan access_timeMay 12, 2023

The RBA’s 11th rate rise since May 2022 has everyone worried about their loan repayments. The central bank has been accused of playing recession roulette, but the RBA argues that rate increases are required to smash inflation – which, as of May 2023, is at 7%. The RBA’s...

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Lenders Reduce Fixed Rates In Anticipation Of End To Rate Hikes

personOtto Dargan access_timeApril 6, 2023

Several lenders have just reduced their fixed rates. It happened shortly after Tuesday’s announcement by the Reserve Bank of Australia (RBA). One of the biggest banks in Australia reduced its fixed interest rates by up to 0.3 percentage points, dropping them to as low...

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Is It Better To Buy When Interest Rates Are High?

personOtto Dargan access_timeFebruary 10, 2023

The Reserve Bank of Australia (RBA) raised the cash rate to 3.35%, and stated that further increases may be necessary to return inflation to target. However, it still might be a good idea to buy now, as the high-interest environment is only temporary, and you can refinance when...

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Should I Fix My Home Loan In 2023?

personOtto Dargan access_timeJanuary 6, 2023

A fixed-rate loan locks your interest rate for a set period of time, generally from 1-5 years. During your fixed-rate period, your repayments will stay the same, regardless of what happens to the interest rates in the market. Why Are Interest Rates Rising? The cash rate...

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Do You Know What Each Interest Rate Hike Will Cost You?

personOtto Dargan access_timeDecember 14, 2022

If you have a variable-rate home loan, one thing that can save you some stress is a simple chart like this: Monthly Repayments For A $760,000 Home Loan On A 30-Year Term* Interest Rate Monthly Repayment 3.00% $3,204 3.25% $3,308 3.50% $3,413 3.75% $3,520 *Note...

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