Tag: mortgage

Incredible Commbank mortgage detail shows why Australia needs an Aldi of banking | CBA shares are…

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Incredible Commbank mortgage detail shows why Australia needs an Aldi of banking

It's reporting season for Australia's banks and you could say they are disappointing their owners.

Commonwealth Bank, for example. It reported $11 billion in profit after tax, which was up 7 per cent on the year. But in the days after handing down the result, its admittedly lofty share price has fallen 5 per cent.

Take a step back though and consider the profits of CBA in any other context.

The bank made $30 billion in income (i.e. revenue). And turned that into $11 billion in cash profit after tax. It's a very good game to be in.

A bank business model is different obviously to other types of business. They don't buy something, mark it up, and sell it on. Not exactly. Acknowledging that, let's compare CBA to two other Australian giant businesses.

Ignore the doomsdayers – property investing in Australia is far from broken

Investor loan applications may have fallen since the start of the year, but the slump already appears to be turning around

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Ignore the doomsday warnings about the governmentâs tax changes â property investing in Australia is a little bruised, but itâs far from broken.

The countryâs biggest mortgage lender, Commonwealth Bank, reported a bumper $11bn full-year cash profit on Wednesday, backed by robust demand for its lending products, especially mortgages.

It has long benefited from surging demand from property investors who took out $45bn worth of loans in the last six months of 2025, and a further $37bn in the first half of this year.

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August 15, 2026
Mortgage rates climb to highest level in a year | Mortgage and refinance rates today, Monday, Aug…

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Mortgage rates climb to highest level in a year

Five months into the war in Iran, rising oil prices and stubborn inflation are driving mortgage rates to the highest level in a year.

The average 30-year fixed mortgage rate climbed to 6.66% this week, the highest since July of last year, according to Freddie Mac. Thatâs up from 6.58% last week, marking the biggest one-week jump in mortgage rates in 10 weeks.

Just a few months ago, mortgage rates dipped below 6% for the first time in years, fueling hopes that lower borrowing costs would revive the sluggish housing market.

But since the US and Israel began joint strikes on Iran in February, investors have grown increasingly concerned that higher energy prices will keep inflation elevated.

Mortgage and refinance rates today, Monday, August 3, 2026: Still hovering around 6.5%

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According to rates from the Zillow lender marketplace, current mortgage rates and refinance rates for Monday, August 3, 2026, are mixed.

The current 30-year purchase fixed rate today is 6.65%, 8 basis points higher than the current refinance rate. The 15-year fixed purchase rate of 6.01% is even with the 15-year refi rate. The 5/1 ARM purchase rate of 6.65% is 3 basis points lower than the 5/1 refi rate.

Read more: Weekly survey of mortgage lenders with the lowest rates: Pushing higher

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Pending home sales down in the U.S., Utah

Pending home sales in the U.S. are down, recently hitting the lowest level since early April.

In the four weeks ending July 26, the number of seasonally adjusted sales pending nationwide was at 322,739 after a steady decline, new data from the online real estate brokerage Redfin shows.

In just the last week of that time period, sales were down 1.7%.

The drop is due at least in part to rising mortgage rates, Redfin posted. The weekly average rate for a 30-year fixed-rate mortgage in the U.S. climbed to 6.66% as of Thursday, according to the Federal Home Loan Mortgage Corporation, better known as Freddie Mac.

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August 4, 2026
Banks slammed for failing to pick up mortgage offset problems | Check your offset account: Are th…

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Banks slammed for failing to pick up mortgage offset problems

Brooke discovered her offset account was not linked to her home loan when she went to refinance. (ABC News: Lucas Hill)

Millions of Australians use offset accounts to reduce interest costs on their mortgage, but the corporate regulator says some banks are not delivering the savings as promised.

ASIC found Australian banks paid more than $55 million in compensation to customers in just two years, for failures with mortgage offset accounts.

The regulator said several banks had begun remediation and it would monitor their fixes, provide individual feedback and consider further regulatory action.

Millions of Australians use mortgage offset accounts to reduce interest costs on their home loans, but the corporate regulator says some banks are not delivering the savings as promised.

Check your offset account: Are the banks returning to bastardry?

It was eight years ago, during a bruising royal commission, that Australia’s banking industry sustained injury to its image so damaging that it lost the community’s trust.

Now, after several years of rehabilitation efforts by the banks, behavioural creep is emerging again. The latest example is the shortchanging of hundreds of thousands of customers with mortgage offset accounts. The systemic nature of this issue was uncovered by the Australian Securities and Investments Commission.

The backlash from the royal commission’s revelations of banks’ bad behaviour wiped out a legion of the industry’s board directors and executives on the back of a community shaming exercise.

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Mortgage offset account errors mean some Australians are owed thousands of dollars. Are you among them?

Asic review finds banks repaid millions to borrowers who unknowingly paid too much interest on their home loans

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The corporate regulator has detailed how banks have had to pay tens of millions of dollars in compensation to customers for mortgage offset failures.

In a new report, the Australian Securities and Investment Commission showed lenders repaid $55m to customers over two years after they unknowingly paid too much interest on their mortgages – and warned the number would climb higher.

Here’s how to check whether you have fallen foul of what could be an expensive administrative error.

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July 29, 2026
Mortgage rates show signs of falling after Iran war peak | ‘Meaningful relief for borrowers’ …

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Mortgage rates show signs of falling after Iran war peak

Major mortgage lenders are making "meaningful" cuts to the rates on new deals, bringing some solace to first-time buyers hit by the economic impact of the Iran war.

Money markets are reacting to hopes of a long-term truce in the war so the recent rapid rise in borrowing costs has halted and is now starting to reverse.

Experts say there is some momentum in mortgage rate reductions, but the situation remains delicate with borrowers still exposed to the possibility of sudden shifts in mortgage costs.

First-time buyers say the change is a relief although the cost of buying a home remains painfully expensive for many at a time when other bills have risen.

‘Meaningful relief for borrowers’ as banks prepare to cut mortgage rates

Santander is reducing mortgage rates being offered to borrowers with smaller deposits from Thursday, raising hopes that similar changes will be made more widely across the market.

The bank said it is able to pass on a reduction in borrowing costs following a fall in swap rates, which are used by lenders to price mortgages.

Meanwhile, TSB is also poised to reduce some of its mortgage rates from Friday.

Looking at Santander’s reductions, they include reducing two-year fixed first-time buyer deals for people with deposits of 5% to 15% by up to 0.28 percentage points.

Selected 5% to 15% deposit five-year fixed first-time buyer rates will reduce by up to 0.17 percentage points.

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April 19, 2026
Mortgage and refinance interest rates today, April 14, 2026: A sideways trend | Current refi mort…

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Mortgage and refinance interest rates today, April 14, 2026: A sideways trend

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Mortgage rates have moved fractionally higher. According to Zillow, the average 30-year fixed rate is now 6.16%, up one basis point. The 15-year loan is also up one basis point to 5.65%. The trend for the bond market has been mostly sideways over the past week, so rates aren’t likely to move much without some new stimulus.

4 lenders dip below 6% APR: Weekly survey of mortgage lenders with the best rates.

Here are the current mortgage rates, according to our latest Zillow data:

Current refi mortgage rates report for April 14, 2026

The current average refinance rate on a 30-year, fixed-rate home loan is 6.39%, according to data from the popular real estate marketplace Zillow. If you’re a homeowner hoping to refinance your mortgage for a lower rate or perhaps to tap home equity, read on to see average refi interest rates for a variety of loan types and terms. You can also see the prior day’s report here.

Note that Fortune reviewed the most recent Zillow data available as of April 13.

Mortgage refinancing involves replacing your existing home loan with a new one. Similar to your initial mortgage application, you’ll need to apply and meet lender criteria, including your credit profile, income verification, debt-to-income (DTI) ratio, and more.

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Mortgage Rates Today, April 14, 2026: 30-Year Refinance Rate Drops by 14 Basis Points

Guess what? Today, April 14th, 2026, is a good day if you're thinking about refinancing your mortgage. The average rate for a 30-year fixed refinance has dipped by a noticeable 14 basis points compared to last week and even dropped significantly just today. This means if you've been putting off looking into refinancing, now might be the perfect time to take a closer look.

It feels like just yesterday we were all watching mortgage rates climb, and now we're seeing some movement in the opposite direction. According to Zillow's latest data, the 30-year fixed refinance rate has settled at 6.55%. This is a welcome change from where we've been, and it's sparked a bit of hope for homeowners who have been hoping for lower monthly payments.

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April 15, 2026
Mortgage rates sink to the lowest level in a month, sparking more refinance demand | Mortgage len…

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Mortgage rates sink to the lowest level in a month, sparking more refinance demand

Mortgage interest rates dropped last week to the lowest level in a month, prompting more current borrowers to seek savings in a refinance. While lower rates didn't give potential buyers much incentive, the run on refinances was enough to push total mortgage demand 2.8% higher compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, decreased to 6.17% from 6.21%, with points remaining unchanged at 0.56, including the origination fee, for loans with a 20% down payment.

"Treasury yields ended the week lower as weaker data on retail sales and home sales outweighed better-than-expected readings on the job market for January," said Joel Kan, vice president and deputy chief economist at the MBA, in a release.

Mortgage lenders with the best rates this week, Feb. 17, 2026: Sub-6% offers nearly double

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The number of national mortgage lenders offering mortgage rates below 6% is rapidly growing. So, where can you find the lowest mortgage rates this week?

The Yahoo Finance survey ranks lenders by the lowest annual percentage rate (APR), which includes lender fees. Read on to see the 10 lenders with the lowest rates right now.

MORE: See our top picks for mortgage lenders for first-time home buyers.

Here are the 10 mortgage lenders with the best interest rates this week, as determined by our survey of the lowest mortgage rates on 30-year, fixed-rate conventional loans. The following numbers are each lender’s annual percentage rate (APR).

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The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

For more detailed information, explore updates concerning Mortgage rates sink.

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February 18, 2026