Abacus Finance

Step into the housing market with confidence! 🏡✅ Get a pre-approval and know your budget, save time, and gain the upper hand in negotiations — all at no cost with an Abacus Finance mortgage broker. It's time to bid on your dream home with assurance!

Every homebuyer is unique, and that's precisely why Abacus Finance delivers personalised mortgage solutions. Discover the mortgage options that suit your situation and goals for home ownership. 🏠🔑

Embarking on the home-buying journey? Get ahead with these steps! Save for a deposit, understand your capacity, get pre-approval, and find the dream home. 🗝️💼Let us help you navigate the complexities of mortgages and make your dream home a reality!

📢Quick heads up: We're moving from Daylight Saving Time back to Standard Time this weekend. Make sure to turn your clocks back one hour on Sunday!⏰

At Abacus Finance, we're pausing to reflect on the joy and rejuvenation that Easter represents. We're grateful for your trust and look forward to continuing our journey together. Wishing you an Easter filled with peace, happiness, and the promise of a bright future. 🐰✨
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The Reserve Bank of Australia (RBA) has decided to maintain the cash rate target at 4.35% and the interest rate on Exchange Settlement balances at 4.25%. Stability in these rates reflects ongoing economic assessments.

Today, we celebrate the strength, courage, and grace of women around the world. 🌍💪 Let's honor the achievements and strides made towards gender equality, while committing to support and uplift every woman in our lives. Together, we can create an inclusive world where every woman's potential is recognised and cherished. Happy International Women's Day! 🌸

The Fed's concerns about the progress towards its inflation target highlight the challenges faced by policymakers. Last week's strong growth in the US consumer and producer price indices has intensified speculation about the Fed's potential policy measures.

Traders rethink rate path as Fed fears easing too early The market is implying a total of three US rate cuts this year, down from four last week. The Reserve Bank is expected to start lowering rates in June.

The Reserve Bank of New Zealand is gearing up for a potential interest rate hike this week, shaking up the belief that rates have hit their peak amidst stubbornly high inflation.

RBNZ interest rates: Traders brace for rate rise shock in New Zealand There is a one-in-three chance the RBNZ could lift the cash rate on Wednesday to 5.75 per cent and the world is watching.

🎄✨ Wishing you the magic and joy of the season! 🌟🎅 Abacus Finance extends warm wishes to our valued clients, partners, and friends. May your holidays be filled with laughter, love, and the warmth of home. Thank you for making 2023 a fantastic year. We look forward to continuing our journey together in the coming year. Merry Christmas and a prosperous New Year from the Abacus Finance family! 🎁🏡

As the holiday season approaches, financial markets prepare for a Reserve Bank cash rate surge, potentially nudging the share market into correction territory. Governor Michele Bullock's assertive response to unexpected Q3 inflation propels the cash rate from 4.1% to 4.35% on Melbourne Cup Day, signalling a shift in monetary dynamics.

Please connect with Abacus Finance mortgage broker to explore ways to secure financial support for your mortgage, ensuring a stable mortgage payment in the future. 🛒💰

https://www.afr.com/markets/debt-markets/rba-tightening-bias-sends-shares-to-cusp-of-correction-20231025-p5eet2

Markets lock in pre-Christmas rate rise Bond traders are certain of a cash rate increase by Christmas, implying a 50 per cent chance of a follow-up move.

Another customer review of our broker service: We constantly strive to provide service that exceeds expectations (12 out of 10!). Thank you for choosing us!

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Another client review: The Abacus team always consistently delivers impressive service quality.

Feeling uncertain about your mortgage? Relax! Our expert mortgage team is here to help you through. Ask us anything, and let's find the answer for you! 🏡💼 Contact us!!!

Our client review!

Exceptional service, exceeded expectations. Highly recommended for quality, professionalism, and reliability. A truly outstanding experience, trully review from our client 🌟

Households' Prudent Savings: A Resilient Response to Rate Rises 📈🛍️ Treasurer Jim Chalmers on Inflation Control. Discover how consumers adapt in the changing. Ready to navigate this changing landscape?
Contact our mortgage expert for further discussion!

RBA squeezed by oil, spending, $A shocks Households have drawn down on their bank account savings for the first time since 2007, as higher borrowing costs also squeeze retail spending.

RBA holds steady: Cash rate remains unchanged at 4.10%

Households' Prudent Savings: A Resilient Response to Rate Rises 📈🛍️ Treasurer Jim Chalmers on Inflation Control. Discover how consumers adapt in the changing. Ready to navigate this changing landscape?

Contact our mortgage expert for further discussion! .

RBA squeezed by oil, spending, $A shocks Households have drawn down on their bank account savings for the first time since 2007, as higher borrowing costs also squeeze retail spending.

THE LATEST RATE UPDATE:

According to RBA, its monetary tightening policy is working as intended . Read about this here:

Rate hikes ‘working as intended’: RBA As the Reserve Bank’s decision to halt the cash rate was influenced by favourable inflation data, economists widely anticipate the bank will hold in September.

Experts say mortgage stress in Australia is at its highest now in 15 years according to Roy Morgan Research.

Read more here:

Mortgage stress at highest point in 15 years, research finds Mortgage stress at highest point in 15 years, research findsBy Adam Vidler10:32am Jul 4, 2023 Tweet Facebook Mail More Australians are at risk of mortgage stress than any time in the past 15 years, new data suggests.Researchers at Roy Morgan found that an estimated 1.43 million mortgage holders -...

Welcoming Our Interns

At Abacus Finance, we hold a strong belief in nurturing young talent andshaping the future of the mortgage brokering industry.

This week marks an exciting milestone as we introduce our cohort of talented and driven interns who will be fully immersed in the world of mortgage brokering.

It was an unforgetable night for the Abacus Finance Team last Friday. The group got together over a heartwarming hotpot feast plus lots of stories and laughter. Here's to more delightful get-togethers beyond the confines of the office! 🥳

JUST IN: NO RATE THIKE THIS MONTH

Today, Westpac has raised the fixed rates for owner-occupiers and investors by up to 0.40 percentage points for both 1-year and 2-year terms.

Read more here:

Fixed rates on the rise again with Westpac next to increase Westpac has today increased 1- and 2-year fixed rates for owner-occupiers and investors by up to 0.40 percentage points.

There will be significant changes to the operations of the RBA starting February 2024.

The RBA’s board meetings will be cut to eight from 11.

Read more about this here:

RBA shake-up to start in February, Lowe reveals The number of board meetings will be cut to eight from 11 and post-meeting press conferences will commence in a bid to make the bank more transparent.