The Bank of England’s Monetary Policy Committee voted overnight to keep the official cash rate at 5 per cent.
Opportune Home Loans is the latest mortgage manager to announce the launch of a new home loan designed to compete with the major banks.
Refinancing business has soared in July according to figures released by AFG today.
Refinancing activity is tipped to soar in coming months as interest rates look almost certain to fall.
Employment remained surprisingly strong in July, despite a slowdown in economic growth, ABS figures showed today.
The number of owner-occupied dwellings financed by non-banks increased by 1.8 per cent in June, ABS data showed yesterday.
Non-bank lender RESIMAC has issued its first prime RMBS deal for 2008.
Mortgage brokers are close to the banks as the favoured first point of contact for mortgage advice for first time buyers, according to a recent Mortgage Choice survey.
The number of Australians who committed to a home loan declined again in June to just 50,294.
Embattled UK bank Northern Rock announced a £585.4 million (A$1.249 billion) loss overnight for the six months to June this year.
The Federal Reserve (Fed) kept interest rates on hold overnight at a rate of two per cent.
The retail banking and mortgage sector’s job market continued to contract in July, Olivier’s Job Index revealed yesterday.
The “existing arrangements” for broker remuneration would rem...
Record quarterly originations driven by strong broker flows and s...
The state government has pledged to develop a support package for...