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Rate Cuts

Banks Reduce Fixed Rates

July 28, 2014 in Insider Tips, Latest News, Rate Cuts

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Australia’s “Big Banks” have bowed to the competitive pressure from “Smaller Banks” to reduce Fixed Interest Rates on Home Loans.

Borrowers are now able to “Lock-In” their Home Loan for 1 – 5 Years on Interest Rates below 5% p.a.

This is great news for Home Owners / Buyers however be mindful to consider your personal requirements & circumstance prior to “Locking-In” your interest rate as the wrong decision may be very costly.

Please remember that all clients of DPF Mortgage Specialists are welcome to discuss any potential changes to their Home Loan with our experiences Mortgage Specialists AT NO COST

Bank Slashes Fees for Professionals

July 4, 2014 in Insider Tips, Latest News, Rate Cuts

Professionals

One Australian Bank has providing selected Professional groups with amazing savings on their Home Loans by waiving the requirement for Lender’s Mortgage Insurance for loans up to 90% of the property value (i.e. LVR 90%).
Waiving LMI will achieve significant savings of $8,590.00 – $58,642.00 for Home Loans of $400,000.00 – $2,000,000.00 (LVR 90%).

ARE YOU A …

Accountant, Finance Manager
Auditor, Actuaries
Barrister, Lawyer, Solicitor
Engineer, Surveyor, Mine Surveyor
Quantity Surveyor
Geologist, Geophysicist
General Practitioners, Hospital-Employed Doctors
Medical Specialists, Dentists
Optometrists, Pharmacists
Veterinary Practitioners

The Bank has set specific “Eligibility Criteria” relating to the differing industries and the individuals.

ARE YOU ELIGIBLE ???

Click on “CONTACT US” or phone (07) 5527 4744 to talk with our Mortgage Specialists

WHY PAY THOUSANDS MORE THAN YOU NEED TO ???

Happy New Financial Year

July 1, 2014 in Insider Tips, Latest News, Rate Cuts, Rate Rises

New Year 2

The Reserve Bank has delighted borrowers by announcing that the record low interest rates will remain for the time being with the Official Cash Rate to remain at 2.50% in July 2014.

Senior Economists are not surprised by the RBA announcement as the majority continue to predict that interest rates are unlikely to change until late 2014 or early 2015.

Westpac predicts … Rates to remain at Record Low until 2015

March 19, 2014 in Insider Tips, Latest News, Rate Cuts, Rate Rises

 

Bill EvansWestpac Bank’s Chief Economist (Bill Evans) has confirmed that the Bank’s forecasting has changed and no longer anticipates any further cuts in Interest Rates by the Reserve Bank during 2014.

Mr Evans also stated that the Bank predicts Interest Rates will not rise from the current record low levels until early in 2015.

Great News for Borrowers and Home Buyers !!!

RBA … No Change to Interest Rates

October 1, 2013 in Insider Tips, Latest News, Rate Cuts, Rate Rises

Reserve Bank

The Reserve Bank Board has announced the official cash rate will remain at the current level (2.50%) whilst they continue to observe the impact of the new Federal Government on the Australian economy.

RBA … No Change to Interest Rates

September 3, 2013 in Insider Tips, Latest News, Rate Cuts, Rate Rises

Percentage

 

The Reserve Bank has retained Interest Rates at their current level for September.

The RBA Board will review their decision again in October once the impact of the upcoming Federal Election has flowed onto the economy.

When will your Bank pass on the Interest Rate Cut ?

August 6, 2013 in Insider Tips, Latest News, Rate Cuts

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Listed below are the Interest Rate Cuts announced by the Banks following the Reserve Bank’s recent decision to reduce the Official Cash Rate by 0.25 bp to 2.50%

(Updated Daily)

 

Bank

Rate Cut

Effective Date
Adelaide Bank

0.25% p.a.

         26/8/2013
AMP

0.25% p.a.

         22/8/2013
ANZ

0.25% p.a.

         16/8/2013
Bank of Melbourne

0.25% p.a.

         19/8/2013
Bank of Queensland

0.25% p.a.

         27/8/2013
BankWest

0.25% p.a.

         19/8/2013
Bendigo

0.25% p.a.

         26/8/2013
Citibank

0.25% p.a.

         19/8/2013
Commonwealth

0.25% p.a.

         14/8/2013
Heritage

0.25% p.a.

         16/8/2013
Homeside

0.25% p.a.

         16/8/2013
ING

0.25% p.a.

         23/8/2013
Macquarie

0.25% p.a.

         23/8/2013
Me Bank (Members Equity)

0.25% p.a.

         23/8/2013
RAMS

0.25% p.a.

         12/8/2013
NAB

0.25% p.a.

         12/8/2013
St George

0.25% p.a.

         19/8/2013
Suncorp

0.25% p.a.

         26/8/2013
The Rock Building  Society

0.25% p.a.

         14/8/2013
Westpac

0.28% p.a.

         19/8/2013

RBA Cuts Rates to a Record Low 2.50%

August 6, 2013 in Insider Tips, Latest News, Rate Cuts

8127_interest_rates_fall

The Reserve Bank has followed the predictions of most Senior Economists and reduced the Official Cash Rate by a further 25 bp (0.25%) to a record low 2.50%.

This is great news for borrowers who now are waiting on the Banks to confirm if they will pass on the rate cut in full.

Want to know how much of this 0.25% rate reduction your Bank will be passing on … Keep an eye on our “NEWS & INFORMATION” section as each day DPF Mortgage Specialists will provide an updated list of “Which Banks” + “How Much” + “When” as they are announced.

Massive Savings on Lo-Doc Loans

July 30, 2013 in Insider Tips, Latest News, Rate Cuts

did-you-know

Self Employed borrowers with Lo-Doc Loans may be eligible for huge reductions in Interest Rates once they have completed their latest Tax Return.

Why pay the Banks more than you need to ???

Click on “CONTACT US” to find out how.

RBA … Rates on Hold

July 2, 2013 in Insider Tips, Latest News, Rate Cuts, Rate Rises

 

Reserve BankFollowing the decline of the Aussie Dollar and improvements in the Manufacturing Sector the Reserve Bank Board has elected to “Wait & See” by retaining the Official Cash Rate at the current level of 2.75%.

Further reductions in the Variable Interest Rates are predicted however economists are not confident to predict further falls in Fixed Interest Rates which are already experiencing record low levels.