Page 26 - Newcastle Permanent News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Battling over technology and relevance has fired up mutual banks’ need to join forces, Newcastle Permanent’s chair has said.  

Fixed mortgage rates keep climbing Fixed mortgage rates keep climbing 02 July 2021 6:02AM Lenders raised fixed home loan rates in June, continuing the trend of the past couple of months. According to the latest Mozo Banking Roundup, ANZ, NAB, Westpac and Newcastle Permanent all raised fixed mortgage rates last month. NAB increased two and three-year rates by 10 basis points and its four-year rate by 5 bps for owner occupiers paying principal and interest. ANZ cut short-term rates and increased long-term rates. It cut its two-year rate by 10 bps, while raising its four-year rate by 25 bps and ...

New data from Roy Morgan shows overall 80.5% of customers are satisfied with their bank(s) in April 2021, an increase of 1.3% points on a year ago when the COVID-19 pandemic began.

Fintech Athena breaks Aussie VC funding record Share Australian mortgage industry fintech disrupter Athena Home Loans has broken the record for the largest capital raise completed entirely from local backers, banking $90 million in funding as its loan book booms. The company, which was founded in 2017 and launched in 2019 by former NAB bankers Nathan Walsh and Michael Starkey, claims to help Australians pay off their home loans faster, by offering low rates with no fees, which are automatically lowered if a person pays off a chunk of their loan faster than expected. Athena Home Loans co-found...

The home loan market is running red hot, with plenty of competition from banks and other lenders on both fixed and variable offers. Rates are already at some of the lowest levels we’ve seen though, so in order to stand out some lenders are rolling out additional incentives, including cashback deals. Just how much cashback you ask? Well, 13 lenders in the Mozo database are currently offering at least $2,000 cashback to eligible mortgage holders willing to refinance their home loans, including the likes of 86 400, Commonwealth Bank, Credit Union SA, NAB, Newcastle Permanent and Westpac. Some...