This week, as the Federal Reserve followed other global central banks in cutting interest rates, Mozo tracked the highest savings rate in over 11 years, a savings cut from Westpac, 132 cuts to fixed rate home loans and uncovered new insights into Australians’ desire to dip into their superannuation early.
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This week’s Mozo Money Moves dives into the first online savings rate cut from a Big Four bank since November last year, the arrival of the lowest fixed home loan rate in over a year - that starts with 4 - and a flurry of term deposit rate cuts coming through the Mozo database.
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In this week’s Mozo Money Moves, our team digs into the latest data that shows average home loan sizes have once again reached record-highs, we look at a number of home loan rate cuts from lenders big and small, and analyse how Aussies’ obsession with houses over units is costing them more than they realise.
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As we close out August and head into the spring property season, this week’s money moves reveals ongoing turbulence in the term deposit market with significant shifts in leading rates as inflation shows signs of easing, while mortgage stress continues to escalate for many Australians.
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Mozo Money Moves is coming to you a day early after a massive week crunching the numbers.
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This week the Australian Bureau of Statistics (ABS) released some highly anticipated data, including figures on the labour force and wage growth.
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It was another massive week in finance at Mozo this week.
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As the Easter long weekend draws near, we’re back with an early edition of Mozo Money Moves, your weekly personal finance wrap that looks at changes to rates, fees and conditions across key personal finance products.
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This week was a bumper week. Not only did our team release the Mozo Banking Roundup for July, but two major global central banks, the Federal Reserve and the Bank of England held their monetary policy meetings, and two core data sets from the Australian Bureau of Statistics (ABS) were released; the June Quarter inflation data and the Lending Indicators for June.
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Welcome back to Mozo Money Moves, your Friday financial fix that covers the latest in personal finance and retail banking.
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