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RateCity.com.au has launched a new quarterly mortgage report which analyses interest rate movements and key developments in the personal finance space.
The group’s inaugural Rates of the Nation report is based on daily rate movements in the home loans, credit card and deposit account space over the past six months, with additional focus on the overall changes in the July to September quarter.
RateCity’s product director Peter Arnold said the company was excited to bring a new offering to the market and leverage the huge amount of data in its database.
“While there is great research available in the personal finance space, including the Australian Bureau of Statistics’ housing finance data and the Reserve Bank’s credit card statistics, both of which look at the amount of debt Australians hold, we felt there was no one doing a detailed rate analysis and we wanted to fill that gap,” he said.
Mr Arnold noted that it has been an interesting quarter for rate movements across all categories despite no movement with the cash rate for well over a year.
“We’re seeing some interesting trends emerge in the rate space and we’ll be tracking the key developments going ahead,” he said.
[Related: Industry dismisses threat of mortgage comparison websites]
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