Latest News
The Artog NEWS section delivers a comprehensive offering of current news relevant to the Mortgage industry.
NAB commits to cut rates
Friday, August 22, 2008 National Australia Bank said yesterday that if the Reserve Bank of Australia (RBA) reduces the official cash rate by 0.25 per cent at its September Board Meeting, NAB will reduce its standard variable interest rate by 0.25 per cent to 9.36 per cent. |
|
NAB losing the mortgage war
Friday, August 22, 2008 NAB lost market share in residential lending eight quarters in a row to March 2008 according to State of Play, a quarterly comprehensive analysis of the mortgage market in Australia published by Infochoice and The Sheet. |
|
Non-bank lenders will come back
Friday, August 22, 2008 A Westpac executive told a parliamentary committee yesterday that they expected the securitization market, the prime source of funding for non-bank lenders, would be fluid within a year. |
|
|
|
|
|
Cut rates says Westpac
Thursday, August 21, 2008 Australia's economy needs a rate cut of a half a per cent in September says Westpac. The Westpac Melbourne Institute Leading Index predicts that Australia's economic growth rate will fall to two per cent in the months ahead. |
|