The RBA has decided to leave the cash rate unchanged at 7.25 per cent.
April mortgage sales for aggregation group Australian Finance Group (AFG) could reflect a significant slowdown in overall home loan growth.
Rising funding costs, shrinking liquidity and uncertainty over broker commissions have fuelled a surge of broker applications for white labelled funds.
House price indexes released by the ABS today confirmed that housing markets have slowed markedly because of the ongoing rise in borrowing costs.
Bendigo Bank announced a 0.10 per cent increase to its variable interest rate on Friday.
The US Federal Reserve (Fed) announced an expansion of its liquidity measures on Friday to counteract persistent liquidity pressures on term funding markets.
Building approvals slumped in March, data from the ABS has revealed yesterday.
ANZ has broken its silence on broker commissions, confirming exclusively with Mortgage Business this afternoon that no cuts are planned.
St George announced yesterday that from 1 June 2008 it will change the way mortgage brokers earn their commissions.
The Federal Reserve’s Federal Open Market Committee lowered the United States’ official cash rate overnight by 25 basis points to two per cent.
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