Westpac lifts variable home loan rate
Lender makes move within hours of RBA decision
Source: brokernews.com.au
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Lender makes move within hours of RBA decision
Aussie mortgagees on variable home loans have copped eight rises in a row, taking the cash rate from 0.1% to 3.1% in the space of eight months. But the question is: where to now?
Another cash rate increase in October has Australians waiting to see if banks will pass on the rate hike to savings accounts and term deposits - watch this space.
Westpac and NAB both announced they would pass on the RBA's 25 basis point rate rise just hours after the R...