Source expert help from your local mortgage broker prior to making an offer on any property; your Loan Market mortgage broker has access to every major bank and secure lender in Australia, and can assist you to find an appropriate home loan.
The big four banks have raised fixed mortgage rates on the back of increased funding costs.
National Australia Bank (NAB) yesterday became the last of the big four banks to raise fixed mortgage rates, with the one-year fixed rate up 50 basis points to 6.59 per cent, and its two-year fixed rate up 40 basis points to 7.29 per cent.
NAB’s three-year fixed rate increased 40 basis points to 7.59 per cent.
Westpac, CBA and ANZ have also raised their fixed mortgage rates in recent weeks.
CBA was first off the mark a week ago, citing funding costs as ...
read more...
Categories: Home Loans and Mortgages, Interest Rates. Tags: Fixed Loan Rates, Fixed Mortgage Rates, Fixed Rate Home Loan, Mortgage Rates.
The Commonwealth Bank of Australia has today announced that it will increase its fixed mortgage rates after similar moves in August and April this year.
Speculation is rife that the RBA will increase the official cash rate sooner rather than later, with some pundits tipping a rate rise this October.
CBA’s one year fixed rate will now sit at 6.19 per cent after a 50 basis point increase, while its two year fixed rate will sit at 6.84 per cent - up 30 basis point rise.
The three year fixed rate mortgage has increased by 15 basis points to 7.29 per ...
read more...
Categories: Home Loans and Mortgages. Tags: Fixed Mortgage Rates, Fixed Rate Home Loan, Fixed Rates Mortgage.
St George has joined its peers in increasing its fixed loan rates, raising its three year fixed rate loan by 50 basis points.
The three year fixed rate loan product now sits at 6.49 per cent and is on par with NAB, which lifted its three year fixed rate on Monday.
The title of lowest fixed rate mortgage now belongs to ANZ's three year fixed rate home loan which sits at 6.34 per cent, while CBA's three year fixed loan is the highest at 6.69 per cent.
Standard variable mortgage rates from the major lenders currently sit at:
NAB - 5.74 per ...
read more...
Categories: Home Loans and Mortgages. Tags: Fixed Loan Rates, Fixed Rate Home Loan, Fixed Rate Mortgage, Home Loan, Standard Variable Mortgage.
