Ocean Home Loans - Recent Posts

June 2020 RBA – Rate Remains at Record Low

After implementing the extraordinary mid-month rate cut in March of this year, the Reserve Bank of Australia has this month left the official cash rate untouched. It remains at the record low rate of...

Breaking News – Cut in Official Interest Rates

As was widely predicted, the board members of the Reserve Bank of Australia have today made the decision to cut interest rates by 0.25%, reducing the official cash rate to a new record low of 0.50%pa...

2020 Kicks Off with Interest Rates on Hold

The Reserve Bank of Australia has held the first meeting for 2020. The Board has decided to keep interest rates on hold at the record low of 1.75%pa despite speculation of a rate cut. However, econom...

Official Interest Rates Remain Unchanged

At the final Reserve Bank of Australia meeting of the year, the decision has been made to keep official interest rates on hold. It remains at a record low 0.75%pa. As we draw towards the end of 2019,...

Rates on Hold – Is it time for a Home Loan Refinance

As expected by the majority of economists, the RBA has decided to keep interest rates on hold this month. After three cuts in five months, the official cash rate remains at a record low 0.75%. Is it ...

RBA Cuts Interest Rates Again

The RBA has announced a 25 basis point cut to the official cash rate. This was widely anticipated and brings official interest rates down to an all-time low of 0.75% – the first time in history that ...

Rates on Hold, But Help on the Way for First Home Buyers

After making several interest rate cuts, the focus is now on first home buyers, with the RBA leaving the official rate on hold this month. The official cash rate sits at the record low of just 1.00%....

Interest Rates Cut for Second Month in a Row

The old adage of ‘feast or famine’ seems to apply to interest rates, as the Reserve Bank of Australia has just announced another cut to the cash rate of 0.25%, bringing official cash rate to the new ...

Cut in Official Interest Rates Announced

The first move has been made to interest rates in almost three years, with the board members of the Reserve Bank of Australia announcing a 0.25% cut to the official cash rate. It now stands at a reco...

Home Loan – Get it Right the First Time

It’s no secret that the home loan landscape is in a bit of turmoil, and it feels like every day there are new changes to policy, eligibility and lenders requirements.  It also seems that every lender...