Higher mortgage diversion fees will sting KiwiSavers - Stuff
Most Kiwisavers who want to divert part of their savings into paying off their mortgage will find they face extra fees for doing so. The mortgage diversion facility is available to KiwiSavers on July 1. It allows those who have been saving …
Australia: Inflation soars and thousands more face losing their homes - World Socialist Web Site
Official inflation figures for the March quarter, showing a leap to a 16-year high of 4.2 percent, have raised the chance of further interest rate increases in Australia, which will push thousands more working class families into severe financial …
RBA Buys $780 Million in Residential Mortgage-Backed Securities
Did you see that the Reserve Bank of Australia bought $780 million in residential mortgage-backed securities earlier this week? It was the same day all the financial shares rallied. Coincidence? Take a look at the spreadsheet below and tell us what you think. You can find the spreadsheet below here. Click on the “Repurchase Agreement Details 4″ tab. It shows the open market operations of the Reserve Bank. What does it mean? Well, it means that the Reserve Bank of Australia is trying to loosen