To help you keep track of home loan interest changes, this page will be regularly updated with the size of the increase and when it will come into effect.
As pressure mounts on the RBA to bring inflation down, pressure mounts on home loan borrowers to keep up. How will this play out in the March meeting? Read more, here at Mozo.
Big bank loyalty costs borrowers as online lender rates hit record lows
Big bank loyalty costs borrowers as online lender rates hit record lows
A number of recent cuts from online lenders has highlighted the rate premiums many Australian homeowners, including big bank customers, may be paying on their home loans.
In the past week two online lenders, Tic:Toc and Well Home Loans, have both reduced their respective variable interest rates to new lows, placing them among the sharpest rates around.
Yesterday Melbourne-based lender Well Home Loans announced that it would be reducing its Well Balanced variable rate by 18bp to a new low of 1.99% (2.02% comparison rate ) for owner occupiers.
July home loan snapshot: ANZ, NAB and Westpac push fixed rates higher
According to the latest edition of the
Mozo Banking Roundup which was released this morning, the bulk of the recent action has come from changes to fixed home loan rates, as a number of lenders including members of the big four have raised rates.
For borrowers, this could be a trend worth watching in the months to come, especially those who are still wanting to lock in while rates are low.
So what’s changed and how are both fixed and variable rates stacking up? Here’s a round up of the more significant recent changes in the home loan market.