The Reserve Bank has increased interest rates...
Nov 2nd 2010, 8:20 am
#16
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Re: The Reserve Bank has increased interest rates...
On Wednesday, the US Federal Reserve is expected to sanction a further $500bn (£312bn) of bond purchases.
And when that happens the USD will fall further.
http://www.telegraph.co.uk/finance/c...ns-mayhem.html
And when that happens the USD will fall further.
http://www.telegraph.co.uk/finance/c...ns-mayhem.html
Nov 2nd 2010, 8:44 am
#18
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Re: The Reserve Bank has increased interest rates...
Nov 2nd 2010, 8:51 am
#20
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Re: The Reserve Bank has increased interest rates...
Nov 2nd 2010, 9:19 am
#21
Lost in BE Cyberspace
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Location: Hill overlooking the SE Melbourne suburbs
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Re: The Reserve Bank has increased interest rates...
....and down in the suburbs, a jetski is for sale on the grass verge...
Nov 2nd 2010, 9:56 am
#22
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Re: The Reserve Bank has increased interest rates...
If i'm generalising do I HAVE to stipulate now? ...
Nov 2nd 2010, 10:22 am
#24
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Re: The Reserve Bank has increased interest rates...
On the average $350K mortgage that is only $17 a week extra (unless you are with the CBA in which case it is $30).
CBA's shares were up nearly 2% today so they must be doing something right!
CBA's shares were up nearly 2% today so they must be doing something right!
Nov 2nd 2010, 10:22 am
#25
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Location: Hope Island, Gold Coast
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Re: The Reserve Bank has increased interest rates...
Did anyone see the channel 9 news tonight, they gave CB a right old slagging off for raising rates by 0.45% (words like 'greedy banks ripping more cash out of your pocket').
What the banks are saying in their defence is that its because they are having trouble raising funds for home lending, which is strange when Australia has among the highest rates in the world, wonder why they have trouble securing money to lend on property, can anyone guess?
What the banks are saying in their defence is that its because they are having trouble raising funds for home lending, which is strange when Australia has among the highest rates in the world, wonder why they have trouble securing money to lend on property, can anyone guess?
Nov 2nd 2010, 10:23 am
#26
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Nov 2nd 2010, 10:24 am
#27
Joined: Jun 2006
Posts: 4,555
Re: The Reserve Bank has increased interest rates...
See what a credit union can do for you as well. Brokers are not independent and get paybacks from the lenders.
And I would also advise on budgeting for plenty more rate rises. They might not happen but with the US printing money and Chinese inflation I would say there is more to come.
And I would also advise on budgeting for plenty more rate rises. They might not happen but with the US printing money and Chinese inflation I would say there is more to come.
Nov 2nd 2010, 10:33 am
#28
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: The Reserve Bank has increased interest rates...
See what a credit union can do for you as well. Brokers are not independent and get paybacks from the lenders.
And I would also advise on budgeting for plenty more rate rises. They might not happen but with the US printing money and Chinese inflation I would say there is more to come.
And I would also advise on budgeting for plenty more rate rises. They might not happen but with the US printing money and Chinese inflation I would say there is more to come.
Nov 2nd 2010, 10:52 am
#29
Account Closed
Joined: Sep 2007
Posts: 5,768
Re: The Reserve Bank has increased interest rates...
See what a credit union can do for you as well. Brokers are not independent and get paybacks from the lenders.
And I would also advise on budgeting for plenty more rate rises. They might not happen but with the US printing money and Chinese inflation I would say there is more to come.
And I would also advise on budgeting for plenty more rate rises. They might not happen but with the US printing money and Chinese inflation I would say there is more to come.
will look into it.Yeah i'm aware the brokers will often get a better drink from one lender than another, and probably go with them on that ground, regardless of YOUR benefits ...
... but the same time they know it better than me and figures are figures! I'll not jump if figures aint right, and OH is more thorough with all that anyway.Yeah we've had the mortgage a year in 4 days, and have kinda budgeted for 2 - 3% on top, but all the same the Conbank! ...
:curse:
Altho I spose I didn't say that when they produced a mortgage offer in 5 days in the height of it all a year ago when 'first time buyers' was getting dropped. Was originally goin thru with the NAB but with backlogs and pressure from seller we almost lost the house (didn't think we was good for it) so I said to the Conbank (who I bank with and recently denied me), "give me the mortgage and we got a deal" and they did in 5 days which was unheard of for current time.
Original denial was a cock up as the fact I had a credit card with em changed my deposit needed, I had one but wasn't originally taken into account.
Been good to me for over 4 years in all honesty, but can't help think i'm gettin shafted here ...