Page 2 - Variable Rates News Today

House prices are falling but were only at the start of the agony, with experts warning the property market could decline for another five years.

Several financial institutions follow NAB's lead

The rate changes will take effect on May 12

The BC Utilities Commission is currently reviewing application that if approved would see customers get 5 cents per kilowatt hour credit for electricity used from 11 p.m. to 7 a.m.

It's the second time in two weeks that the bank has hiked its variable rates for new customers

There are likely to be fewer than 10 ongoing variable rates starting with a “4” if lenders pass on the 0.25pp hike, expert says

Only a small percentage of borrowers choosing to fix

When shopping for new suppliers, avoid variable rates and termination contracts

The RBA has begun increasing interest rates. We track how lenders are responding, and what this means for the average Aussie borrower.

Not long after the RBA's decision to lift official interest rates by half a percentage point, Westpac announced it will be passing on the full hike to its variable rate customers.