Australia's official interest rate is quickly approaching zero, but if you are in the market for a new home and have not yet taken out a mortgage, you may already be too late.

Have you ever wondered if you ended up with a fair deal on your mortgage? How do you know what interest rate you should be paying?

In a move to scrap a key mortgage rule, APRA has created the ability for banks to offer – in some cases - tens of thousands extra dollars to those taking on a new loan.

The Reserve Bank may have to cut interest rates to historic lows to prevent unemployment from rising.