Tag Archives: Hikes

CBA hikes interest rates

The Commonwealth Bank of Australia has increased rates for its variable home loan customers by 0.25 percentage points following RBA’s historic cash rate hike earlier this month. Australia’s biggest bank is the last of the big four banks to lift its rates. NAB and ANZ hiked their variable rates for both new and existing customers […]

CBA hikes fixed rates

Australia’s largest bank has increased its fixed rates for the fourth time this year. The Commonwealth Bank of Australia (CBA) has lifted fixed rates by up to 0.5 percentage points for owner-occupiers paying principal and interest, but all the way up to 0.9 percentage points for some investors. RateCity.com.au compiled CBA fixed rate […]

Westpac hikes fixed rates

Australia’s second largest bank has hiked fixed rates for the ninth time in the last six months. Westpac lifted fixed rates for owner-occupiers and investors by up to 0.3 percentage points. RateCity.com.au compiled Westpac’s home loan rate changes for owner-occupiers: Rate type Old rate […]

Rate hikes haven’t depressed interest in purchase mortgages – yet Overall, mortgage applications declined 6.8% for the week

Interest in residential mortgage loans fell 6.8% for the week ending March 25 as rates jump even closer to the 5% mark, according to the Mortgage Bankers Association‘s latest survey. Few borrowers these days have an incentive to refinance their mortgage. According to the MBA, refi applications fell 15% from the prior week and 60% from a year […]

CBA cuts lowest variable rate, hikes fixed rates again

Commonwealth Bank of Australia, the nation’s largest bank, has now slashed its lowest variable rate by 0.1% to 2.19%, following similar moves from Westpac, NAB, and ANZ. Just last week, Westpac cut its lowest variable rate, while NAB and ANZ trimmed theirs on March 9 and Feb. 8, respectively. Westpac had the lowest […]

Geopolitical crisis could slow pace of Fed interest rate hikes

Traders are now anticipating five Fed rate increases in 2022, down from the six or more that seemed like a certainty just a month ago. The market has decided that, due to the situation in Ukraine, the Fed and the other central banks will move more slowly and cautiously. In the face of uncertainty All […]

The Fed makes its move – and more rate hikes are coming

The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time in four years, marking an end to the easy money that gave rise to the hottest mortgage market in U.S. history. The FOMC, as was predicted, raised the federal funds rate by 25 basis points to 0.25-0.50 percent, the first time the FOMC has changed […]

Fed’s bias for rate hikes over QT stirs bond veterans’ criticism

Jerome Powell’s reluctance to lean more heavily on shrinking the Federal Reserve’s balance sheet in the battle against inflation could prove a damaging miscue. A vocal section of the bond market prefers the Fed chair to focus more on reducing bond holdings, allowing policy makers to hike interest rates less aggressively as it battles to […]

Mortgage Rate Hikes and How It Affects Orlando

Lots to discuss this week as what we’ve been predicting for years has finally started to come true. But how will this change the Orlando real estate market? Whether you’re a first time home buyer, an investor, or looking to make a move in 2022, this is . you’ll want to know. Come hang out […]