Katrina Parrington

Mortgage & Finance Broker, Elders Home Loans – Northern Territory – P. 8932 8900

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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 ‘interest rates mortgages home loans’

Rate Cut Imminent: Brokers

Posted by Katrina Parrington on October 18, 2011

Nearly three quarters of brokers expect rates to fall over the coming quarter, new research has revealed.
According to The Adviser’s Q3 sentiment survey, 73.1 per cent of brokers believe rates will fall in the next three months – up 68.4 per cent on last quarter.
Just 1.8 per cent of brokers expect rates to rise before Christmas – down from 41.4 per cent last quarter.
Tony Bice is one broker who expects rates to fall in the not too distant future.
“I do believe there is room for rates to move downwards,” Mr Bice told The Adviser.
“Rates have been on hold for so long now that I think we will see movement very soon. Also, if you look at fixed rates it is fair to assume the cash rate could be set to fall.
“When lenders move their fixed rates downwards it generally is an indication that the cash rate is about to fall. We have seen a lot of movement around fixed rates recently, so I wouldn’t be surprised to see the official cash rate drop from 4.75 per cent.”
And Mr Bice is not alone in his predictions.
Last week, ANZ’s head of Australian economics Ivan Colhoun said the official cash rate will be slashed by 25 basis points to 4.5 per cent at the November meeting.
The bank believes the RBA will then remain on hold until early next year before cutting rates again.
The forecast came after the RBA last week flagged that an interest rate cut could be ordered and the ANZ job advertisement series, published yesterday, showed a 2.1 per cent decline in job position vacancies.
“There is scope for the RBA to reduce interest rates a little as insurance against weaker than expected growth and even higher unemployment,” Mr Colhoun said

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How Interest Rates affect your Mortgage

Posted by Katrina Parrington on April 28, 2011

While rates move up and down you should always consider the impact they will have on your mortgage.
The rate of interest you’ll pay on your mortgage depends on a combination of factors. This can include the Reserve Bank of Australia’s (RBA) cash rate, your lender and the type of loan you have.
When working through your loan options with your mortgage broker there are a number of issues to keep in mind to ensure you’re getting the most appropriate mortgage for your needs. Read the rest of this entry »

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