Small but steady growth, Big Four increase market share
Owner-occupied housing loans made up the greatest lending share during March, according to statistics released yesterday by APRA and RBA
Lenders drop rates but Big Four still increase market share
Seven lenders have dropped variable interest rates on 20 home loans by up to 0.17 percentage points since the start of January, new data shows
Two former brokers appointed to manage market
A regional bank has appointed two New South Wales business relationship managers with considerable experience in the broker market
Rate cuts amounting to little
Lenders are slashing rates left, right and centre to keep up in a competitive market, but the cuts aren't adding up to much
RBA decision, lender competition good news for brokers
The RBA’s decision to leave the cash rate on hold, combined with strong competition from lenders, is good timing for those wanting to refinance or activate a home loan - and for brokers.
Macquarie leads mortgage growth, Westpac lags majors
Macquarie Bank recorded over 20% growth in its mortgage book in the past year, while ANZ and NAB continue to lead the big four banks in growth.