Home / Home Loans / Seven more rate rises coming soon

Seven more rate rises coming soon

16/10/2009

The Reserve Bank will not be timid in raising interest rates said the governor of the RBA Glenn Stevens yesterday. Mr Stevens said interest rates had to be adjusted towards more normal levels as economic conditions improved.

In the wake of Mr Stevens comments, financial markets priced in seven consecutive rate rise to take the official cash rate to 5.0 per cent by July 2010. Those rate hikes would add $355/month to the average $275,000 mortgage.

Source: Sydney Morning Herald

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