Hemisphere is delighted to have won a silver award for our Line of Credit Home Loan from Your Money Magazine.

At it's meeting today, the RBA decided to leave interest rates unchanged at 4.75%.

 http://www.rba.gov.au/media-releases/2011/mr-11-15.html

According to the MFAA, the rising cost of living is putting a dampener on the propoerty market...

http://www.brokernews.com.au/news/newsletter/109005

A new survey of 1,000 homeowners conducted by the group has shown that exit fees are not a significant factor in consumers' choice of home loans. The research indicated consumers are most concerned with interest rates, with 50.2% saying rates were the most important factor in their choice of product. Fees and charges were ranked second by respondents, with 15.5% tipping them as a factor in their decision.

However, exit fees ranked last in the survey, with only 1.7% of respondents claiming they were a concern. The existence of DEFs fell behind LVR and brand in its importance to consumers.

RBA leaves cash rate unchanged at 4.75% - see full statement:

http://www.rba.gov.au/media-releases/2011/mr-11-09.html

RATINGS agency Moody's last night made good on its warning over downgrading the credit ratings of Australia's four main banks...

Read more: http://www.smh.com.au/business/big-four-in-ratings-downgrade-20110518-1et39.html#ixzz1MkLy6pH6

At its meeting yesterday the RBA decided to leave the cash rate unchanged at 4.75%. Click the link below for the full story.

http://www.rba.gov.au/media-releases/2011/mr-11-07.html

The majority of brokers believe an interest rate hike would have little to no impact on potential home buyers.

According to Adviser Magazines latest sentiment survey, 39.5% of brokers believe an additional rate hike right now would have no impact on home loan demand – up 23.7% from this time last quarter...(click for full story)

http://www.theadviser.com.au/breaking-news/5247-rate-rise-no-impact-on-borrowers

What do you think?

More breathing room for borrowers as the Resrve Bank of Asutralia holds interest rates at 4.75%. (Click below for full statement)

http://www.rba.gov.au/media-releases/2011/mr-11-06.html

The Federal Government's proposed ban on Exit Fees was passed into law yesterday and will apply to all new home loans from 1st July 2011.

http://www.theadviser.com.au/breaking-news/5132-proposed-ban-on-exit-fees-becomes-law