Get notifications in real-time for staying up to date with content that matters to you.
The US Federal Reserve's Federal Open Market Committee (FOMC) decided yesterday to lower interest rates by 25 basis points to 4.25 per cent.
The FMOC attributed the cut to slowing economic growth, which reflects the intensification of the housing market correction and a softening in business and consumer spending.
It also expressed concern for strains in the financial markets, admitting recent conditions have increased uncertainty for the outlook of the economy.
“The Committee will continue to assess the effects of financial and other developments on economic prospects and will act as needed to foster price stability and sustainable economic growth,” a FMOC statement said.
APRA has given the green light to BNK offloading its mortgage agg...
The weekly round-up of the biggest news stories from across Momen...
Brokers aggregating under the group wrote a record $92 billion of...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you charge fees for mortgage writing services?
