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Housing weakness prompts rate cut calls

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Australian Broker | 14 Mar 2012, 02:00 AM Agree 0
Industry figures are calling on the RBA to stimulate the economy, claiming new housing data shows a continued lack of confidence
  • Vincent | 16 May 2012, 02:29 AM Agree 0
    Mortgage rates generally rise and fall along with Wall Street seutricies and generally reflect the overall direction of interest rates. By keeping an eye on mortgage market trends and key economic indicators, a borrower has a better chance of obtaining interest rate savings. I would venture to say that mortgage and especially rates and interest rates in general will be higher in the coming years. We are coming out of a period of Fed rates not seen since the 50's. We saw the ten year reach 4.50% range recently which would usually have jumbo mortgages around 6.25% and conventional mortgages in the 5.75% range.
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