Reserve Bank governor Philip Lowe slammed after apology to mortgage holders over interest rates

Philip Lowe has been slammed by the Australian public after he apologised to mortgage holders for downplaying the chance of interest rate rises. The Reserve Bank Governor issued an apology to borrowers who took out a loan and expected rates to stay at a record-low of 0.1 per cent until 2024 based on RBA advice – … Read more

Warning over mortgage ‘timebomb’ as homeowners ‘face biggest hike in interest payments ever’ 

Warning over mortgage ‘timebomb’ as homeowners ‘face biggest hike in interest payments ever’ Shock rise predicted after analysis of figures published by Treasury watchdog Lib Dems found household with £236,000 mortgage would pay extra £2,581 This would be if, as calculated, mean monthly interest payments double to £474 News fuels fears that cost of living will … Read more

Commonwealth Bank slashes mortgage rates for borrowers with a bigger deposit

How you can get a massive interest rate CUT on your mortgage despite fears there’s more pain to come  Commonwealth Bank slashed mortgage rates for those with 40 per cent deposit  Australia’s biggest home lender has lowest offset account rate of 4.57 per cent That’s a big drop from Commonwealth’s previous advertised rate of 6.6 … Read more

‘I have a mortgage to pay like everyone else!’ Brenda Edwards returned to accounts job in pandemic

‘I have a mortgage to pay like everyone else!’ Brenda Edwards reveals she returned to accounts job during pandemic and breast cancer battle as she’s ‘not proud’ and ‘needed to work’ By Callum Wells For Mailonline Published: 15:13 EST, 13 November 2022 | Updated: 15:56 EST, 13 November 2022 Brenda Edwards has revealed she returned … Read more