Australia’s four major banks — Commonwealth Bank, Westpac, ANZ, and NAB — have responded swiftly to the Reserve Bank of Australia’s (RBA) latest cash rate cut, each passing the full 0.25% reduction on to mortgage customers. But while the news is welcome, the real financial impact depends on what you do next. At Boa & […]
RBA Cuts Rates Again — What It Means for Your Mortgage and Cash Flow Read More »
On May 13, 2025, mortgage and refinance rates across Australia and the U.S. saw a small upward shift. According to Zillow data, the average 30-year fixed mortgage rate has risen to 6.76%, while the 15-year fixed has moved to 6.07%. These minor changes may be linked to the recent 90-day pause in trade tariffs between
Mortgage Rates Edge Up: What Homeowners and Investors Should Know Now Read More »
Australian banks are stepping up their game, slashing fixed mortgage rates independently of the Reserve Bank of Australia (RBA), and homeowners could be the big winners. In a surprising move, ANZ has lowered its 2-year fixed home loan rate to 5.39%, while BOQ and Police Bank made headlines by offering fixed rates at 4.99%—breaking through
Fixed Mortgage Rates Drop Below 5%: A Golden Opportunity for Homeowners Read More »
Aussies Consider Longer Loan Terms to Ease Mortgage Stress As the cost of living crisis continues, one in three Australians say they would consider taking on a 40-year mortgage to reduce their monthly repayments, despite the significant long-term financial impact. New research from Finder shows that while extending the loan term can provide short-term relief,
40-Year Mortgages: A Lifeline or a Long-Term Debt Trap for Australians? Read More »