By Rick Adlam on Saturday, March 20, 2010
Three of Australia’s “big four” banks have announced changes to home loan mortgage lending, credit card, business loans and deposit rates after Wednesday’s increase in official rates.
ANZ is the latest to move, putting up its standard variable home loan interest rate to 8.32 per cent.
The bank says it recognises the increase in official rates will be [...]
Posted in ANZ Bank, Home Loan Interest Rates, Home Loans, Interest Rates, National Bank Of Australia, Westpac | Tagged Banks, Business Loans, Credit Card Business, Home Loan Interest, Home Loan Interest Rate, Home Loan Mortgage, Loan Rate, Loan Rates, Mortgage Australia, Mortgage Interest Rates, Mortgage Lending, Mortgage Rates, National Australia Bank, Reserve Bank of Australia, standard variable home loan interest rate, Westpac
By Rick Adlam on Saturday, March 20, 2010
Australia’s financial markets were taken by surprise when the tipped 0.5% cash rate reduction was doubled to a massive 1%pa reduction to 6%pa.
According to Mr Mortgage said that this was the largest rate reduction since the early 1990’s and shows that the last interest rate rise was one too many, and that the RBA is now moving [...]
Posted in Home Loans | Tagged ANZ Bank, Aussie home loans, Basis Points, CBA, Commercial Banks, Finance Markets, Home Loan Rate, Home loan rates, Interest Rate Rise, Interest Rates, Mortgage Markets, Mortgage Rates, Mr Mortgage, Percentage Point, RBA, Westpac