Are home loan interest rates going to rise?
The question – Are home loan interest rates going to up? – is always a major concern for all mortgage borrowers.
Rising funding costs are expected to force the major banks to raise home loan rates in 2016. Even if the Reserve Bank of Australia lowers interest rates, the big banks may have no choice but to raise rates to pass increased costs onto consumers. In 2015, banks hiked up rates by up to 0.29 percentage points for owner-occupiers and investor loans went up by up to 0.49 percentage points.
Source: The Adviser