home loan

Recent events, such as the Budget, mean that borrowing costs in general have increased, which may have a knock-on effect for those searching for a home loan.

But instead of declining, home loan costs marched higher.

That could give mortgage lenders more confidence to reduce the interest they charge on new fixed-rate home loans.

Falls in mortgage rates could come to "an abrupt halt", according to brokers, with expectations that home loan costs may rise in the coming days.

Translation: This home loan program is broke and no additional money has been appropriated by the Legislature because the state is bleeding red ink.