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Home loan arrears highest in years, but no worries, says RBA

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Good news for home owners as Reserve Bank keeps rates on hold March 13, 2017 By Melanie Tesoriero Leave a Comment It’s good news for home owners, home-seekers and renters alike with the Reserve Bank (RBA) announcing it would keep the cash rate on hold at a low of 1.5%.

With only 20 per cent of current retirees fully self-funded, Grattan wants you to give up on super and rely on the age pension, government largesse and no doubt eat your home in retirement.

The Reserve Bank says it cut interest rates earlier this month not because the economy was getting worse, but because it could get even better. The RBA governor says. you also have a large mortgage.

New UK Prime Minister Theresa May and Italy’s Premier Matteo Renzi both have worries. loan portfolio sales, selling off high-risk bonds from its portfolio, or other portfolio measures. Economists.

Whenever a borrower misses a payment on a loan, or does not make their required payment in full, they fall into arrears. Given the importance of housing mortgage debt to both household and financial institution balance sheets, the share of housing loans that are in arrears is a crucial indicator of household financial distress and of potential future losses to lenders.

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real estate; brisbane qld; Interest rates the safest bet today with RBA set to hold for a year. THE safest bet today was that Reserve Bank would keep rates on hold, which it has, but odds are that.

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"The share of banks’ housing loans in arrears is now back around the level reached in 2010, the highest it has been for many years. But arrears are still well below the level reached in the early 1990s recession," he said, adding that Australia’s rate of arrears was "still relatively low internationally".

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Pat yourself on the back Australia: The Reserve Bank had a typically Aussie response to home loan arrears rising today – no worries – thanks to the actions of your. Home loan arrears highest in years, but no worries, says RBA

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