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Tag Archive 'mortgage rates'

Australians have an unusual habit of paying off their mortgages much faster than borrowers in most other rich nations, a valuable trait that gives households a safety buffer were the economy to slow sharply. Around half of all borrowers are ahead on mortgage payments, the Reserve Bank reported today, a level only reached by Canada […]

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Australia’s biggest home lenders cut mortgage rates soon after the central bank reduced the cash rate for the first time since April 2009. Westpac took just 15 minutes to pass on the Reserve Bank of Australia’s (RBA) 0.25 percentage point rate cut in full on Tuesday. It will lower its standard variable home loan rate […]

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Homeowners have been granted a long awaited reprieve, with the Reserve Bank opting to drop interest rates by 25 basis points. The cut continues what is becoming a tradition, with the Reserve Bank changing the cash rate on Melbourne Cup Day for the sixth year in a row. It is also the first time in […]

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