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Banks move to ditch long-term low fixed rate offers

Banks move to ditch long-term low fixed rate offers
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April beckons with addictions and documentaries

APRIL is decorated with docos. Nick Overall. “Are You Addicted to Technology?” is a show that will ask viewers the question in a world-first “interactive documentary”. Exclusive to SBS On Demand and releasing on April 21, the doco wants to examine our relationship with tech, through tech, by posing questions to each viewer they can respond to via use of the touch screen on the device they’re using to watch. The Australian Bureau of Statistics might wish to take notes on some of these new, up-to-date methods of recording data… just saying. The show is hosted by child psychiatrist Dr Kim Le, who himself went through an online video-game addiction and who, as a result, wants to make the connection with our computers more healthy.

If obese are more at risk of COVID death, QLD is screwed

News by Dan Petrie Premium Content Subscriber only Have you heard the one about the guy who thought he had COVID because he couldn t breathe? Then he unbuttoned his pants and he was all good. COVID kilos and Quarantine-15 (in reference to pounds gained in lockdown) are easy to joke about when we re stuck at home binge eating on the couch. But it is also the bulging elephant (pardon the pun) in the room when it comes to COVID-19 s death rate. Being obese can include an increased risk of clots in the lungs, diaphragms constricted from belly fat making breathing difficult and a compromised immunity from fatty organs.

Banks move to ditch long-term low fixed rate offers

A raft of lenders including the Commonwealth Bank and Bendigo Bank are quietly ditching their ultra-low four-year fixed rate offers, pushing borrowers into shorter-term financing options in the face of a hot property market. The move comes as Australians have been rushing into fixed loans at a record rate, as homeowners seek to lock in cheap financing for the long term. Confidence among homeowners has been boosted by the Reserve Bank of Australia repeatedly saying it has no plans to raise the official cash rate until 2024. But money markets are pricing in cash rate rises before then, prompting some banks to move away from deeply discounted long-term fixed loans.

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