Mozo

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Financial Institutions
Online financial comparison service based in Sydney, NSW.

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Company News

philip lowe rba

Interest rates on hold again: RBA leaves official cash rate at 4.10%

This is the second pause since April 2023.

Comparing 2-year fixed home loan rates to other options

Some rates seem cheaper, but most Australians are still choosing to go variable

How do 3-year fixed home loan rates compare to other loans?

Fixed terms for five years and less tend to be fairly priced, according to experts

Variable home loan rates compared between lending sources

It’s usually more cost-effective and simpler to refinance on a variable rate as opposed to a fixed rate

5 year fixed home loan rates desired by one in two Australian borrowers

Many wished they had locked in lower rates for longer, particularly as rates have soared

Home Loan Interest Rates: Variable and fixed rate gap narrows past pre-Covid levels

The gap was almost 1% at its widest in late 2020, and has since halved

Fixed home loan rates set to expire and end the era of cheap money

Over one in two Aussies wished they fixed their low fixed rates in for longer
philip lowe rba

Surprise rise: RBA rate hikes resume

The RBA’s decision to lift the cash rate brings it to the highest level since April 2012
banks cut borrowing rates but cash rate unknown as yet

Mortgage stress to remain even if the cash rate stays at 3.6%

Buyers are potentially shelling out over 40% of their before-tax income on mortgage repayments
Majority of Australian mortgagees don’t have repayment buffer

Majority of Australian mortgagees don’t have repayment buffer

Only one in four mortgagees are ahead on their mortgage, and rates cut by some banks and lenders

Featured News

Futureproofing Western Australia's housing workforce

While megatrends like AI raise redundancy worries, experts say we are more likely to run out of people before we run out of jobs.
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