Katrina Parrington

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

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 1,742 other followers

  • 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

  • Advertisements

Posts Tagged ‘RBA’

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

Advertisements

Posted in Elders Home Loans - Alice Springs | Tagged: , , , , , | Comments Off on Rate Cut Imminent: Brokers

Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on October 4, 2011

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs | Tagged: , , , , , , | Comments Off on Statement by Glenn Stevens, Governor: Monetary Policy Decision

Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on September 6, 2011

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

Conditions in global financial markets have been very unsettled over recent weeks, as participants have confronted uncertainty about both the resolution of sovereign debt problems and the prospects for economic growth in Europe and the United States. As a result, the outlook for the global economy is less clear than it was earlier in the year. Some temporary impediments that had contributed to a slowing in growth in some countries over recent months, such as the supply-chain disruptions from the Japanese earthquake and the dampening effects of rising commodity prices, are lessening. But the uncertainty and financial volatility is reducing confidence and may result in more cautious behaviour by firms and households in major countries. A number of forecasters have scaled back their global growth estimates over the past couple of months. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates | Tagged: , , , , , , , , , , , , , | Comments Off on Statement by Glenn Stevens, Governor: Monetary Policy Decision

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 »

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Statement by Glenn Stevens, Governor: Monetary Policy Decision

Reserve Bank holds Rates

Posted by Katrina Parrington on June 7, 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, led by very strong growth in the Asian region, though the recent disaster in Japan is having a major impact on Japanese production, and significant effects on production of some manufactured products further afield. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates | Tagged: , , , , , , , , , , | Comments Off on Reserve Bank holds Rates

Breaking News – RBA sends rate warning

Posted by Katrina Parrington on May 11, 2011

The Reserve bank has made it clear it will lift rates sooner rather than later, after lifting its inflation forecasts for the next two years.
While the RBA rightly kept the cash rate on hold at 4.75 per cent in May, the tone in governor Glenn Steven’s monetary statement was slightly more hawkish than it has been in the past.
In his statement, Mr Stevens made reference to the higher than assumed terms of trade, implying the RBA retains its bias towards lifting interest rates.
More explicitly, Mr Stevens said tightening will be required ‘at some point’ for inflation to remain on target. So the game is on.
But the burning question that must now be answered is when. When will the RBA react to inflationary pressures and lift the cash rate?
The general consensus among economists is August.
With the strong Australian dollar becoming an increasing constraint on the economy and inflation, AMP chief economist Shane Oliver said it is hard to see the RBA acting on its tightening bias before August.
“I think home owners can breathe a sigh of relief for the next few months at least,” he said.
HSBC chief economist Paul Bloxham agrees and says the federal government’s budget, released tonight, should keep the rate issue on the back-burner until mid-Q3.

Posted in Elders Home Loans - Alice Springs | Tagged: , , , , | Comments Off on Breaking News – RBA sends rate warning

Flooding may propel rates higher

Posted by Katrina Parrington on January 21, 2011

By Adam Smith | 17/01/2011

Queensland’s floods may have the unexpected economic impact of actually raising interest rates, a new report by Deutsche Bank indicates. The bank’s assessment of the flood’s impact on the Australian economy estimates first quarter GDP growth will be reduced by 0.5%. However, this slowdown may not be enough to keep rates on hold, due to flood-related inflationary pressures.

“Given Queensland is a key producer of supply-constrained commodities, we are more inclined to view the ultimate economic impact of these floods through the lens of an inflationary supply shock,” the bank’s report said. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , | Comments Off on Flooding may propel rates higher

THE Reserve Bank left official interest rates on hold at 4.5%

Posted by Katrina Parrington on September 7, 2010

 The decision met the expectations of financial markets and the majority of economists, who had predicted that Australia’s central bank would remain on the sidelines.

 The RBA, one of few central bankers in the developed world to have raised rates during the recovery from the financial crisis, is expected to hike again before the end of the year.

 In an accompanying statement, RBA governor Glenn Stevens reiterated that the underlying inflation would be at the top end of the central bank’s 2-3 per cent target range through to mid 2011 and  that the current rates setting was “appropriate for the time being”.

 “The current setting of monetary policy is resulting in interest rates to borrowers around their average levels of the past decade,” Mr Stevens said.

 “With growth in the near term likely to be close to trend, inflation close to target and with the global outlook remaining somewhat uncertain, the Board judged this setting of monetary policy to be appropriate for the time being.”

 Economists believe inflationary pressures will begin to emerge as a problem for the Australian economy, especially as the nation exceeds growth expectations.

 In the June quarter, the economy grew by 1.2 per cent, the fastest quarterly pace in three years – the growth translated to 3.3 per cent for the year.

 The economy is also expected to show more signs of strength this Thursday, when the August unemployment rate is tipped to fall from 5.3 per cent to 5.2 per cent.

 The move down in the unemployment rate is forecast to be driven by almost 18,000 new jobs.

 The RBA last lifted interest rates in May, one week before the federal budget.

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , | Comments Off on THE Reserve Bank left official interest rates on hold at 4.5%

RBA to show mercy

Posted by Katrina Parrington on June 7, 2010

The Reserve Bank of Australia is expected to announce it will hold interest rates steady.

According to a report in the SMH, RBA boss Glenn Stevens will inform participants at the Western Sydney Business Connection on Wednesday that the bank will pause at 4.5% for a short term.

After a series on consecutive increases, the RBA took a breath in June and held rates steady.

 Official housing finance data for April is scheduled to be released on the same day as Stevens’ speech. The figures, which will help provide an economic barometer for the country, are expected to show a 2% drop. The decrease follows a 3.4% decline in March.

 Consumer confidence plummeted 7% in May, according to the Westpac-Melbourne Institute, and is also expected to drop in June.

Posted in Elders Home Loans - Alice Springs | Tagged: , , , , , | Comments Off on RBA to show mercy

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 »

Posted in Elders Home Loans - Alice Springs, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , | Comments Off on Warning as home and rates could yet take a tumble

 
%d bloggers like this: