Wayne Swan delivered to us his third budget yesterday. And while you’ll be pleased to hear that I am not going to get into a political debate about the pros and cons of it, I think it is worth analysing some of the numbers and how it could potentially effect interest rates in the near [...]
Interest Rates Up Again
Official interest rates where increased for for the sixth time since October today. Below is the statement from the RBA Statement by Glenn Stevens, Governor: Monetary Policy Decision “At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010. Recently, forecasts for world GDP growth [...]
Getting More Difficult To Get A Mortgage?
Banks profits are growing yet they still might say ‘No’ A recent report published in the Sydney Morning Herald* suggested that not only are interest rates likely to continue to rise, but it will be harder than ever for consumers to get a home loan, as some of the nation’s biggest home lenders are expected [...]
