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Topic: mortgages
Government details first home buyers scheme

Government details first home buyers scheme

Good morning, early birds. The government has revealed details about its 'first-in, best-dressed' first home buyers mortgage scheme, and the US announces the death of ISIS leader Abu Bakr al-Baghdadi. It's the news you need to know, with Rachel Withers.

Business bites: Westpac exposed … Dick Smith gets hosed … Woolies lows …

Business bites: Westpac exposed … Dick Smith gets hosed … Woolies lows …

Dick Smith is not doing so well. Plus other business tidbits of the day.

A day in Joe Hockey’s little bubble of privilege

A day in Joe Hockey’s little bubble of privilege

Cashmere, "sous-vide" beef and sea views -- Joe Hockey lives in a fantasy land for the cloistered elite. No wonder he doesn't understand economic hardship.

The next subprime mortgage crisis in the making

The next subprime mortgage crisis in the making

We're not as immune from the mortgage lending laws that triggered the Global Financial Crisis as we might think.

Households paying mortgages faster doesn’t mean they’re feeling the pinch

Households paying mortgages faster doesn’t mean they’re feeling the pinch

The Reserve Bank says there is a continued pattern of many households choosing to repay their mortgages more quickly than required.

The great mortgage stress myth: we’re paying off our homes faster

The great mortgage stress myth: we’re paying off our homes faster

By the reaction in the media, yesterday's rate cut by the Reserve Bank is the greatest thing since, well, the last rate cut 31 months ago. But the narrative of mortgage stress is a myth -- we're paying off our homes faster.

Gittins: Poor little Aussies with their beach house and 3 car garage

Gittins: Poor little Aussies with their beach house and 3 car garage

We're spending all our money on building new huge houses or doing fancy renovations. So quit whinging about your mortgage and the government raising interest rates and go count the bathrooms in your holiday house, says Ross Gittins.

The difference between home loans and banana smoothies

The difference between home loans and banana smoothies

So according to Westpac, mortgages and banana smoothies are very similar. But the money that banks needed to buy started to cost them a lot more, just like bananas for smoothies. You still following?

Forget mortgage holders, every rate rise hurts business

Forget mortgage holders, every rate rise hurts business

Why is the media so fixated on mortgage holders? More concerning is how much power the Big Four banks now hold over the economy, and how SMEs are struggling to get finance.

Goldman Sachs secretly banked on the US housing crash

Goldman Sachs secretly banked on the US housing crash

How did Goldman Sachs emerge from the financial crisis in such good shape? By simultaneously selling more than $40 billion in mortgage-backed securities, while secretly betting that the US housing market would crash.