Financial News

Major bank NAB is to increase its variable rates on new and existing residential investor home loans by 0.15 per cent from next week, as a result of the current “challenging environment”. Effective from Monday (12 December 2016), NAB’s Variable Rate for Residential Investment Home Loans will rise to 5.55 per cent per annum.Love him or loathe him, Donald Trump will be the next President of the United States. Mortgage industry pioneer Mark Bouris told brokers earlier this year how…
Major bank NAB is to increase its variable rates on new and existing residential investor home loans by 0.15 per cent from next week, as a result of the current “challenging environment”. Effective from Monday (12 December 2016), NAB’s Variable Rate for Residential Investment Home Loans will rise to 5.55 per cent per annum. NAB will also increase the variable rate for NAB Homeplus Residential Investment Home Loans, available through NAB Broker, by 0.15 per cent to 5.58 per cent…
A leading Australian economist has predicted that the Reserve Bank of Australia will “reluctantly” cut interest rates next year, due to concern over house prices. There has been ongoing speculation that the cash rate could rise next year, following on from four months of record-low interest levels (of 1.50 per cent). However, Stephen Koukoulas, former chief economist of Citibank and senior economic adviser to the Australian Prime Minister, told Mortgage Business he believes that there will have to be another…
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