Home / Home Loans / Mortgage rates set to rise

Mortgage rates set to rise

07/10/2009

Standard variable mortgage rates are expected to rise as early as today.

ANZ, Westpac, National Australia Bank and Commonwealth Bank all say their rates are under review following the RBA’s decision yesterday to move the official cash rate up by 0.25 per cent to 3.25 per cent.

Pressure from the government is likely to restrict the banks from raising rates above the 25 points that the RBA has gone up.

Deposit rates are not expected to rise by 25 points.

Source: The Australian

Previous Article  Next Article



Popular Mortgages $250k

 



Popular Searches


Today's Best Rates

Institution Product Title Rate (%) Details
UHomeLoan - Refinance only (incl 0.20%p.a lifetime Loyalty Discount) 5.83
Dream Loan Express 5.95
State Custodians Standard Variable Offset Loan 6.02
MyRate.com.au - Advantage Rate Loan 6.15
Member Package Ultimate Offset Account 6.19
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. The 3 year tabs show loans that are fixed for 3 years.



SPONSORED LINKS