Mortgage News

The Reserve Bank of Australia is now noting that rising house prices indicate that Interest Rates are not high enough.  The Board’s reports show that they are now looking at rising house prices as an indicator to the economy’s strength and drawing this relation to setting rates. Bank representatives at the majors see that each time the RBA meet, the chance of a rate rise will be a 50/50 chance until either the growth rates slow or until lending approval figures rise reports SMH.

Simon Reibelt from Oasis Home Loans Northern Beaches said that households should always be prepared in they’re budgeting for their mortgage repayments to increase and predicate that rates will now strongly increase into the near future.