Mortgages (338 items)

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Briefs: Westpac adjusts home loan rates, Firstmac's $4bn online loan book, New CEO for LIXI

Westpac customers with 'principal and interest' owner-occupier home loans will receive an eight basis points interest rate reduction from 30 June 2017, pushing the bank's annual standard variable rate down to 5.24 per cent. But both investors and owner-occupiers with a Westpac interest-only loan will be paying more. read more

Moody’s puts Genworth on downgrade review

In a move that parallels its one-notch ratings downgrade of most of Australia's largest home loan providers in the banking sector, Moody's has downgraded the insurance financial strength rating of Westpac Lenders Mortgage Insurance Limited and placed the A3 insurance financial strength rating of Genworth Financial Mortgage Insurance Pty Ltd on review for downgrade. read more

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