Katrina Parrington

Mortgage & Finance Broker, Elders Home Loans – Northern Territory – P. 1300 LENDING

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  • Elders Home Loans

  • Katrina Parrington

    I am a long term Centralian resident with more than 18 years experience in the financial services industry. Initially, in Real Estate in Adelaide before pursuing a career with Elders Insurance Alice Springs and lending roles with major banking institutions where I gained extensive experience in Home Loans and Commercial Lending here in the Alice and in Darwin.

    I have a unique set of skills that ensures I understand your lending needs and can provide you with professional advice and personal service.

    Tel: 08 8953 8800
    email: katrina.parrington@eldershomeloans.com.au

Posts Tagged ‘Global Finance’

Domestic Economic Conditions – Monetary Policy Meeting of the Reserve Bank Board

Posted by Katrina Parrington on August 16, 2011

The main economic news over the past month had been the inflation data. In the June quarter, the CPI had increased by 0.9 per cent, to be 3.6 per cent higher over the year. Measures of underlying inflation were running at 2½–2¾ per cent over the year, which was higher than in 2010. Read the rest of this entry »

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Current Sharemarket Carnage Good News for Home Loan Borrowers

Posted by Katrina Parrington on August 9, 2011

COMMONWEALTH Bank of Australia has cut interest rates on its fixed rate home loans by up to 60 basis points.

Australia’s largest lender said the fixed rates for its one to five year products will now range from 6.59 per cent to 6.99 per cent, a cut of between 0.25 per cent and 0.6 per cent.

“Many customers want certainty with their home loan repayments and we are pleased to take a lead and offer customers that peace of mind,” executive of retail banking services Ross McEwan said.

WESTPAC Banking Corporation has cut the interest rate on its three-year fixed rate home loan by 20 basis points.

Westpac today said the three-year fixed rate for its Premier Advantage package had been cut from 6.99 per cent to 6.79 per cent.

The bank’s move came as rival Commonwealth Bank of Australia (CBA) today cut interest rates on its fixed rate home loans by up to 60 basis points.

CBA said the fixed rates for its one to five year products would now range from 6.59 per cent to 6.99 per cent, a cut of between 0.25 per cent and 0.6 per cent.

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Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on August 2, 2011

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.

The global economy is continuing its expansion, but the pace of growth slowed in the June quarter. The supply-chain disruptions from the Japanese earthquake and the dampening effects of high commodity prices on income and spending in major countries both contributed to the slowing. It is still not clear how persistent this slower growth will be. The supply-chain disruptions are now gradually abating and commodity prices have softened of late, though they generally remain high. In China most indications suggest only a mild slowdown so far. Read the rest of this entry »

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Take 10 years off your mortgage?

Posted by Katrina Parrington on July 25, 2011

WOULD you like to shave 10 years off your mortgage? How much interest could this save you?
It’s not rocket science, it’s simply a matter of making more repayments more often and making sure you’ve got the best mortgage for your situation. Of the millions of homeowners, only some are getting out from under mortgage payments years, sometimes decades, before their neighbours.
How?
They make an effort to pay off their mortgage early.
The average home loan is now about $300,000, but living mortgage-free is not a pipe dream.
You may only need to find an extra $200-$500 every month so that you can exceed your mortgage payments. While many think they can’t afford that, you’d be amazed at how much money you can save on a monthly basis. Read the rest of this entry »

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Warning as home and rates could yet take a tumble

Posted by Katrina Parrington on May 13, 2010

  • By John Rolfe – Daily Telegraph 

PROPERTY prices and official interest rates might not rise much more this year, due to the worsening crisis in Europe.

Indeed, both could fall. Chaos on the world’s forex, debt and stock markets caused economists and futures investors to revise predictions of more rate rises this year, with the ASX opening betting between traders on a rate cut next month.

Read the rest of this entry »

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April RBA Board Minutes: Central bank signals more rate hikes ahead

Posted by Katrina Parrington on April 20, 2010

Today’s minutes confirm the RBA’s intention to ratchet cash rates up to “normal levels” over 2010.

  • The RBA rate rises are based on ever-brightening growth prospects for both the global and Australian economies.
  • The Asian region has a robust recovery, eclipsing those in the US and Europe which show weaker activity.
  • The RBA sees the terms of trade lift to be “substantially larger” than the February Statement on Monetary Policy.
  • The stronger prospective terms of trade meant “it might be prudent not to delay adjustment” to rates in April.
  • Prompt and early interest rate rises (ie ahead of the curve) give the RBA flexibility over timing of future rate moves.
  • Sovereign debt concerns have abated in the past month or so and are unlikely to derail the world growth recovery in 2010.
  • Global financial market conditions have continued to improve but are still significantly distant from “normal”.
  • Today’s minutes do not alter our expectation of RBA rate rise in June to 4.50%, then to 5.0% by the end of 2010.
  • Read the rest of this entry »

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    Global Financial Concerns

    Posted by Katrina Parrington on February 7, 2010

    The Australian market has copped two big concerns this morning.

    The first is a financial one – problems in the European banking sector would quickly be felt in Australia and would push borrowing costs higher for our banks and, as a result, our SMEs.

    The second concern is about the global economic recovery. If it stumbles, then commodity prices will fall, which has a big impact on our market given it is so full of resources companies. Falling demand for commodities will hurt profits in this county, which would in turn hit Government revenues which would in turn put pressure on the Commonwealth Budget.

    Yes, it’s amazing that problems in far-off places like Spain and Greece and Portugal could impact Australian companies, but the interconnectedness of global markets means nerves in Athens hit Australia faster than ever before.

    Today’s fall might well be overdone – markets do tend to get overly nervous – but it’s a great reminder that things do remain quite fragile around the world.

    Australia has shown remarkable resilience to these global chills, but we’re not immune

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