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100 Percent Mortgage Loan - News Articles
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Oct 17, 2008
The Australian, Australia -
IN 2002, legendary investor Warren Buffett warned that derivatives were time bombs and "financial weapons of mass destruction" that could harm not only their buyers and sellers, but the whole economic system. Instead of heeding this ... -
Oct 17, 2008
The Australian, Australia -
WE started the week with one curve-ball - Kevin Rudd's "10/10 moment" - and finished it with another: the banks delivering a unilateral cut in mortgage rates. Each adds further layers of complication to the outlook for both financial ... -
Oct 17, 2008
Sydney Morning Herald, Australia -
ONE of the big banks has given the Federal Government's handling of the economic crisis a thumbs up by cutting its interest rates another 0.25 percentage points. The ANZ attributed the reduction in its variable home loan rate to expected cuts in official interest ... -
Oct 17, 2008
Melbourne Herald Sun, Australia -
THE ANZ Bank has dropped its variable mortgage rate by 0.25 per cent in a surprise move greeted by the Federal Government as "wonderful news". ... -
Oct 18, 2008
Melbourne Herald Sun, Australia -
MORTGAGEES and would-be homeowners can look forward to more rate cuts this week after the housing market slumped yesterday. Westpac, the Commonwealth Bank and NAB are set to follow ANZ in cutting interest rates by 0.25 per cent ahead of a Melbourne ... -
Oct 18, 2008
Sydney Morning Herald, Australia -
A price war in Australia's mortgage market is underway with National Australia Bank (NAB) following ANZ Banking Group (ANZ) and Aussie Home Loans in reducing its interest rates on home loans. NAB announced it was dropping the interest rate on its ... -
Oct 19, 2008
The Australian, Australia -
NATIONAL Australia Bank has held out the prospect of more cuts to its standard variable mortgage rate after yesterday's 20-basis-point reduction, ... -
Oct 19, 2008
Melbourne Herald Sun, Australia -
AUSTRALIAN stocks are expected to open mixed or slightly lower today after Wall Street rejected Europe's positive lead and closed the week lower amid volatile trading. Friday night&squo;s futures trading suggested ... -
Oct 19, 2008
Melbourne Herald Sun, Australia -
THE head of National Australia Bank's Australian operations, Ahmed Fahour, hopes a combination of interest rate cuts and the Federal Government's $10.4 ... -
Oct 19, 2008
NEWS.com.au, Australia -
By Andrew Chesterton October 19, 2008 12:01am DOZENS of non-bank lenders have failed to pass on successive interest rate cuts to borrowers as politicians ignore their greedy tactics. While both sides of politics pressure the big banks to pass on official interest ...
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Oct 19, 2008
NEWS.com.au, Australia -
By Alison Bell and Callie Watson NAB and Aussie Home Loans have joined the rush to cut interest rates, following the ANZ's surprise move to change rates independent of the Reserve Bank for the first time in over a decade. ... -
Oct 19, 2008
NEWS.com.au, Australia -
By staff writers THE share market was nearly 3 per cent higher at noon after Wall Street rejected Europe's positive lead and closed the week lower amid volatile trading. At 12.33pm, the ASX200 was ... -
Oct 19, 2008
Melbourne Herald Sun, Australia -
FAMILIES are set for more relief with experts predicting falling interest rates will be matched by a sharp drop in petrol prices. Plunging oil prices have finally had an impact on the price of petrol - despite the counterveiling effect of the weaking dollar. ... -
Oct 19, 2008
Sydney Morning Herald, Australia -
Commonwealth Bank of Australia (CBA) has dropped its interest rates on both variable and fixed home loans after its rivals National Australia Bank, ANZ Banking Group and Aussie Home Loans all reduced their rates over the weekend. CBA will reduce ... -
Oct 19, 2008
Melbourne Herald Sun, Australia -
THE Commonwealth Bank of Australia has cut its home loan rates, the third major bank to make a cut independent of the Reserve Bank. Commonwealth variable home loan interest ... -
Oct 20, 2008
ABC Online, Australia -
The bank has reduced its variable interest rate on home loans by 21 basis points to 8.32 per cent. (ABC News: Giulio Saggin, file photo) The Commonwealth ... -
Oct 20, 2008
Sydney Morning Herald, Australia -
The federal government has welcomed moves by Australia's major banks to pass on interest rate relief to the agricultural sector. Agriculture Minister Tony Burke said the rate relief would help farmers struggling with the drought. ... -
Oct 20, 2008
Sydney Morning Herald, Australia -
FROZEN credit markets are showing tentative signs of a thaw in response to government rescue packages, easing bank funding costs from record highs. A key gauge of credit market stress - the difference between the overnight indexed swap rate and ... -
Oct 20, 2008
The Age, Australia -
ECONOMISTS have reaffirmed predictions for more cuts in interest rates despite signs that Australia's annual inflation rate is set to hit 5% - well beyond the Reserve Bank's target zone. As the Commonwealth Bank yesterday joined the ANZ and the NAB in ... -
Oct 20, 2008
The Age, Australia -
SIGNS of life have returned to bank funding markets as measures by governments around the world revive frozen interbank lending markets. Australian banks' borrowing costs fell to the lowest in more than a month, bolstering hopes the worst ...
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