Mortgage news archive 4

No quick fix in new rate risk Tim Boreham. Weekend Australian,

 Even with floating rates on the rise, fixing may not be the best option.

After agonizing over buying the property in the first place, home buyers then face the dilemma of choosing a fixed rate or a variable home loan.

Unfortunately for borrowers, unpredictability in global interest rate markets has made their choice even harder. Home buyers are being forced to take a punt on global inflation movements based on an array of mixed signals.......................

Is it time to refinance your mortgage with Mr Mortgage? www.mrmortgage.com.au

Rate rise case remains compelling Alan Wood, Economics Editor, The  Week-end Australian 1-2 April, 2000.

A rise in official interest rates of  0. per cent next Wednesday is still a good bet. That will take the rise since November to 1 per cent.....

Bosses blast myopic RBA Ian Henderson, Economics correspondent, The Australian 3rd Feb, 2000.

The Reserve Bank was yesterday accused of seeing no further than Sydney's booming economy, as business launched a sweeping attack on the bank's interest rate hike.

Housing , manufacturing, farming, tourism and small business interests joined forces to slam the 50 basis point increase in the official cash rate, which quickly began to flow into home mortgages and business lending rates....................................

Beyond the Binge, a year of living modestly Terry McCrann. The Advertiser, 3rd Feb, 2000.

The good times are over. The rate hike formally signals the end of that mix of pluses that have made the past four years pretty good for most Australians. We've had low inflation and low interest rates, continually rising real wages for those in work and jobs for a significant number for those who weren't.................

Just blame Sydney. Critics say rates penalise people living outside the big Cities. Annabel Crabb and Michael Mckinnon. the Advertiser, 3rd Feb, 2000.

The Reserve bank decision to raise interest rates has been attacked as a "Sydney-centric" decision which penalises the rest of Australia, particularly struggling rural communities..........................