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Rate Rises

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 !!!

Banks Increase Fixed Interest Rates

November 12, 2013 in Insider Tips, Latest News, Rate Rises

 Fixed Rate

Several Banks have joined Westpac + ANZ by increasing their Fixed Interest Rates.

Economists predict more Banks will soon follow despite predictions that Variable Interest Rates are not likely to rise until mid-2014.

 If you wish to lock-in your Home Loan Repayments please feel free to call or click on “CONTACT US”.

Fixed Interest Rates may soon be on the rise

November 5, 2013 in Insider Tips, Latest News, Rate Rises

RBA Rate Decision

The Reserve Bank Board has announced that the  Official Cash Rate will be retained at the current level (2.50%) for the time being as the RBA Board believes the economy is performing within the forecasted levels and further improvements are anticipated within Non-Mining sectors of the domestic economy over the next reporting period.

Senior Economists within Australia are suggesting borrowers who wish to lock in part / all of their Home Loan onto a Fixed Interest Rate may wish to consider their options as the Lenders are currently reviewing their Fixed Interest Rates with several of the Banks having already moved to increase their 3 Year + 5 Year Fixed Interest Rates.

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.

ANZ Increase Fixed Rates … Will Other Banks Follow ???

July 8, 2013 in Insider Tips, Latest News, Rate Rises

ANZ

ANZ is the 1st of the “Big Banks” to increase their Fixed Interest Rates on Home Loans.

Customers of ANZ will now pay an additional 0.20% p.a. if they wish to lock in their Home Loan Interest Rate for a 3 year term.

The “Other Banks” have yet to follow the lead of the ANZ and continue to offer 3 Year Fixed Rates between 4.85% p.a. – 4.99% p.a.

Q … Will the other Banks follow the lead of the ANZ Bank ???

A … Not as yet 🙂

 

 

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.

 

INSIDER TIP … Westpac to Increase Fixed Rates

March 18, 2013 in Insider Tips, Latest News, Rate Rises

 

WestpacDPF Mortgage Specialists has received an “INSIDER TIP” that Westpac Bank will be increasing their 2 Year Fixed Interest Rate from 4.99% p.a. to 5.29% p.a. this Wednesday (20/3/2013).

If you wish to change all / part of your Westpac Home Loan to the 2 Year Fixed Rate of 4.99%p.a. before the increase contact Westpac Home Loan Helpline on ph: 132558 URGENTLY.

 

TO FIX … or NOT TO FIX ???

March 7, 2013 in Insider Tips, Latest News, Rate Cuts, Rate Rises

1_fixed-variable_192-192x128

As you would expect there is no One Right Answer” that can apply to everyone’s personal circumstances and strategies however there are several basic Pro’s and Con’s” and Handy Hints” that you need to know before you can determine the Right Decision for You”.

Fixed Interest Rates

Advantages

  1. Safe from rising interest rates
  2. Guaranteed loan repayments
  3. Record low rates

Disadvantages

  1. Additional repayments limited
  2. No / Limited Redraw
  3. Break Costs may apply if loan is repaid (Full or Part)

Variable Interest Rates

Advantages

  1. Save $$$ if Interest Rates fall
  2. Additional repayments –  No limits
  3. Redraw
  4. 100% Offset Account (if available)
  5. Can switch to a fixed interest rate at any time

Disadvantages

  1.  Interest Rates can rise

Handy Hints:

  1. Achieve the benefits of each rate type by selecting a combination of both (i.e. Part Fixed + Part Variable) 
  2. Select a Fixed Rate term that does not exceed your known plans (i.e. Avoid paying Break Fees)
  3. Seek “FREE” advice from an experienced Mortgage Specialist … One 5 minute chat can save you THOUSANDS $$$

 

All clients of DPF Mortgage Specialists are eligible to receive advice from our licenced Mortgage Specialists AT NO COST.

Simply click on “CONTACT US” or phone (07) 5527 4744

 

RBA … No Change Rates

March 7, 2013 in Insider Tips, Latest News, Rate Cuts, Rate Rises

 

House RatesBREAKING NEWS … No Change to Interest Rates

5th March 2013 –

Following today’s Board Meeting the Reserve Bank has elected to retain the Official Cash Rate at the current level (3%). This decision was widely anticipated considering the recent financial data confirming improvements in the domestic economy combined with an increasing sense of stability in the USA and European Economies.

The Reserve Bank is prepared to reduce rates further during 2013 if / when this action is required however the decision to keep rates on hold during March is supported by most Senior Economists.