Buckle up for the banks’ mortgage war! Home loans have fallen off a cliff
The evidence is overwhelming. Home loan applications haven’t just dropped - they have plummeted, thanks to the RBA’s rate rises and the federal budget’s tax policy.
Mortgage Choice (MOC) News
Latest articles and price-sensitive announcements with AI sentiment classification.
ASIC finds banks bungled mortgage offset accounts, costing customers more than $55 million
The Australian Securities and Investments Commission (ASIC) has found widespread failures in how banks manage mortgage offset accounts, with eight major lenders paying out more than $55 million in compensation to affected customers over the two years to the end of August last year. ASIC's review covered the offset practices of eight ba...
CBA-backed Lendi Group the newest victim of tanking mortgage market
Lendi has become the latest victim of Labor’s federal budget, axing 36 roles to reflect slowing credit growth.
Kyle needed to settle. He had a new $2 million mortgage charging up to 30% interest
The shock jock projects a wealthy image, but a month after being sacked he signed up to a second mortgage on one Sydney property charging an eye-watering rate.
KalkineWhy ANZ’s Mortgage Rate Move Has Put Banking Margins Back Under The Spotlight
Highlights ANZ Group Holdings (ASX:ANZ) reduced selected fixed home loan rates while several competitors recently moved rates higher. Investors continue monitoring margin performance, funding costs and mortgage competition across the banking sector. Progress on the Suncorp Bank integration remains an important operational focus. ANZ’s latest mortgage pricing adjustments highlight the challenges facing Australian banks as competition, funding costs and economic uncertainty continue shapi...