Chris Foster-Ramsay’s Post

Many key house lending factors seem to be returning back to normal: ·       The House price to earnings ratio is levelling off back to where it was between 2014 and 2019 meaning that houses are becoming ‘more affordable’ mainly due to salary increases. ·       Bank of England rate has reduced and the current inflation is roughly where it needs to be. ·       The interbank swap rates are steadily decreasing therefore banks are having to pay less interest on their lending from other banks which should hopefully get passed onto the consumer. ·       Bank confidence in the market is definitely showing with many lenders decreasing their interest rates. ·       Lloyds and Halifax bank have increased their mortgage ratio to 5.5% of peoples combined income – this will definitely help buyers! This can definitely continue providing the government remains realistic on their policies and what they implement. Lets wait and see. #InclusiveInvesting #MentalHealthAwareness #InclusiveHousing #CommunitySupport #AutismAwareness #LearningDisabilities #impactinvestment #justgettingstarted #motivatedaily #investmentproperty #TogetherWeCan

HOLD your horses! At their November meeting, the Reserve Bank of Australia (RBA) decided to again leave the official cash rate steady at 4.35% Most lenders are now in agreement that we’ve reached the peak of rate rises and all of the big 4 banks are now predicting that we will see the first RBA rate cuts from around February 2025. So, it’s unlikely that homeowners will be receiving a Christmas present in the form of a rate drop. This doesn’t mean that lenders aren’t changing their own rates – we are continuing to see changes to home loan rates from several lenders. If you’re keen to find out how your current interest rate stacks up, contact us. Call us on 07 5594 6746 or Book Online today - https://lnkd.in/gVz4dz3m . . . . #rba #cashrate #mortgagebrokers #homeloans #interestrates #savemoney #budgeting #equity #mortgagefreefaster #switchbanks #refinancing #arundelplaza #arundel #goldcoastbusiness #supportlocal #goldcoastbusinesses #supportlocalbusiness

BREAKING NEWS: The Australian Prudential Regulation Authority has decided to keep the mortgage serviceability buffer unchanged at 3%, following its quarterly review of domestic and international economic conditions. The buffer, one of three key parts of APRA's macroprudential policy settings, would remain at 3%, said chair John Lonsdale. In reaching its decision, APRA considered the uncertain interest rate and economic outlook, high levels of household debt and inflation remaining above the RBA target range, as well as ongoing geopolitical instability. Read the article here: https://lnkd.in/g5-JJWFN #serviceability #loanbuffer #mortageindustry #apra #economy #lending #homeloans #mortgagebrokers

It’s another HO HO HOLD from the Reserve Bank of Australia (RBA) at their final meeting in 2024. The RBA has decided to again keep the cash rate steady at 4.35% 🌲 As the next meeting is in mid-February, we will have to wait until then for any possibility of a rate cut. The major banks are all predicting rate drops next year, with most pushing out their expectations to May for the first cut to happen. However, this doesn’t mean that banks and lenders will follow the RBA's lead with their own home loan interest rates. Lenders are keen for your business, so we may be able to find you an early Christmas present in the form of a lower rate than you’re currently on, repayment saving or a better home loan for your needs. Let’s find out! Call us on 07 5594 6746 or Book Online today - https://lnkd.in/gVz4dz3m . . . . #rba #cashrate #mortgagebrokers #homeloans #interestrates #savemoney #budgeting #equity #mortgagefreefaster #switchbanks #refinancing #arundelplaza #arundel #goldcoastbusiness #supportlocal #goldcoastbusinesses #supportlocalbusiness

The Reserve Bank of Australia has left interest rates on hold at 4.35% in its sixth-straight meeting. Borrowers breathe a sigh of relief. However the RBA is now forecasting that inflation will not drop to its target band until late 2025/26. What that means for interest rate falls remains to be seen. #mortgagetips #bankingsecrets #financialinsights #banking #finance #Big4 #financefacts #homebuyingtips #financialfreedom #rba #mortgage #interestrates #homeloantips #investors #homeloans #finance #money #banks #realestate #refinancing #firsthomebuyer #firsthome

It’s another HO HO HOLD from the Reserve Bank of Australia (RBA) at their final meeting in 2024. The RBA has decided to again keep the cash rate steady at 4.35% 🎅 As the next meeting is in mid-February, we will have to wait until then for any possibility of a rate cut. The major banks are all predicting rate drops next year, with most pushing out their expectations to May for the first cut to happen. However, this doesn’t mean that banks and lenders will follow the RBA's lead with their own home loan interest rates. Lenders are keen for your business, so we may be able to find you an early Christmas present in the form of a lower rate than you’re currently on, repayment saving or a better home loan for your needs. Call me on 0431 708 806 today or visit https://lnkd.in/gZ-wre9r . . . . #update #mortgagebroker #homeloans #cashrate #interestrates #negotiate #lending #homeloantips #financetips #supportlocal #supportlocalbusiness #sydneybusiness #southsydney #kogarah

The Bank of England announced that the Base Rate would remain at 5.25% today. This makes it the 6th consecutive meeting where it has remained stable. @iamchriswarburton at @bbc5live and I had a great conversation about how this impacts mortgages and people trying to get on the property ladder. #sallysview #sallymitchellmortgages #sallymitchellmortgagebroker #sallythemortgagemum #radio5live #bankofengland #baserate #interestrates #mortgagebroker #mortgageadviceuk

HOLD your horses! At their November meeting, the Reserve Bank of Australia (RBA) decided to again leave the official cash rate steady at 4.35% Most lenders are now in agreement that we’ve reached the peak of rate rises and all of the big 4 banks are now predicting that we will see the first RBA rate cuts from around February 2025. So, it’s unlikely that homeowners will be receiving a Christmas present in the form of a rate drop. This doesn’t mean that lenders aren’t changing their own rates – we are continuing to see changes to home loan rates from several lenders. If you’re keen to find out how your current interest rate stacks up, contact us. Call us on 07 2140 3643 or book online via https://lnkd.in/gGU5H7qy . . . . #rba #cashrate #mortgagebroker #homeloan #useequity #interestrate #savingmoney #budget #mortgagefree #refinance #Brisbanebusiness #brisbanebroker #brisbaneproperty #brisbane #supportlocalbusiness

🏠 Could This Rate Cut Put $1,000+/Year Back in Your Pocket? The Reserve Bank of Australia (RBA) 18 February decision could bring relief to mortgage holders – a 0.25% cut would save the average Australian homeowner ~$78/month on a $500k loan (source: analysis of current variable rates). What may likely happen: ✅ Immediate impact: A 0.25% reduction lowers monthly repayments from Day 1 ✅ Domino effect: Economists predict up to 4 cuts in 2025 – potentially $3,120+ annual savings ✅ Strategic planning: Ideal time to review offset accounts/refinancing options But... ⚠️ Lenders may not pass on full cuts immediately ⚠️ Fixed-rate loans won’t benefit until renewal Our Tip: Use any savings to: 1️⃣ Boost emergency funds 2️⃣ Pay down principal faster 3️⃣ Invest in tax-deductible upgrades TJD Accounting Services is helping clients model scenario-specific impacts – DM us to optimize your 2025 cash flow strategy. #RBA #ratecuts #interestrate #inflation #tjdaccounting #mortgage #homeloan #costofliving #essendonaccountant

Australia's mortgage interest rates are influenced by the Reserve Bank of Australia's (RBA) monetary policy decisions. The RBA sets the cash rate, which affects the interest rates banks charge on mortgages. Changes in the cash rate directly impact borrowing costs for households, influencing the housing market and economic stability. #MortgageRates #RBA #MonetaryPolicy