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Refinancing fuels mortgage growth

Lending to households has picked up strongly in the past few months, driven by mortgage refinancing and investor lending.

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Mortgage circus will count for little

A pointless study will find that banks and credit unions did not gouge their customers after the 1 October official rate cut. The across-the-board slide…

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Mortgage broker best interest exclusions ‘will not have the intended effect’

Wording in the draft mortgage broker best interest bill intended to limit the effect of the new law to mortgage brokers and mortgage intermediaries “will…

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NAB now price leader on fixed rate loans

National Australia Bank is the latest to join the swelling ranks of lenders offering residential mortgages at under rates under 3 per cent.

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Big and small lenders shield margins

Margin pressure has dictated the pricing responses of the major banks to the Reserve Bank’s latest 0.25 per cent official rate cut, with none of…

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Big Four permit the rest to protect their margins

Treasurer Josh Frydenberg has been out and about for a second day, exhorting the major banks to pass the full 0.25 per cent cash rate…

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Statistical overhaul creates mortgage time bomb

Around 100,000 Australian home borrowers could be hit with rate increases on owner occupier mortgages after up to $70 billion worth of home loans were…

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Big banks hold onto some margin

Commonwealth Bank and NAB led the big banks in responding to the latest reduction in the cash rates, with neither passing on the full cut.

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Westpac sweetens broker pay process

Westpac has announced that it plans to loosen requirements for mortgage brokers to claim certain upfront commissions.

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The home ownership dream is fading

Young adults are planning to live longer in their parents’ home because they cannot afford to buy their own place, according to CoreLogic’s Perceptions of…

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