Firstmac assigned AAA ratings for RMBS

Australia's biggest non-bank lender Firstmac has received AAA credit ratings for four classes of its prime residential mortgage-backed securities (RMBS).

Read more…
08 Jun 2016

RBA puts official interest rate on hold

For the second consecutive month, the Reserve Bank of Australia has announced that the official cash rate would be left unchanged at a historical low of 1.75 per cent. The mortgage industry has welcomed the announcement, with many experts claiming that it is the ‘right move’ as it would provide scope for further cuts in the short term.- Your Mortgage- view article here