Friends With Money #277: Rate rise survival guide
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With interest rates at their highest level in years, could homeowners be doing more to keep their mortgage costs down?
On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Richard Whitten, money and home loans expert at Finder.
They discuss the outlook for rates and the practical steps borrowers can take to cut their home loan costs.
Episode timestamps
00:00 Introduction
02:01 Are lenders passing on the latest rate rise?
03:08 What does the latest hike mean for borrowers?
04:22 Will there be another rate rise this year?
05:44 First steps to reduce your mortgage costs
08:00 How to negotiate a lower rate with your lender
10:00 When refinancing makes sense and what to watch for
12:00 Why refinancing may be harder right now
13:23 Richard's top tip for homeowners facing higher repayments
14:34 Conclusion
Friends With Money podcast FAQ
What is the Friends With Money podcast?
Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.
Where can I listen to the podcast?
You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).
Who hosts Friends With Money?
Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.
Is the podcast suitable for beginners?
Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.
What topics does the podcast cover?
The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.
How often are new episodes released?
New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.
Can I watch episodes with captions?
Yes, full episodes with closed captions are available on YouTube.
Why subscribe to the Friends With Money podcast?
Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.
Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.
Subscribe to the Friends With Money podcast today and start learning when it suits you.
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