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ANZ Ignore RBA & Increase Rate
- February 10, 2012
- Posted by: admin
- Category: Bank Profits, Budget, Enconomy, Finance News, Financial goals, Home loan product, Inflation, Interest rate, Wealth
No CommentsANZ today announced it will increase interest rates for variable rate mortgages and small business lending by 0.06%pa. This is the first time the bank has moved to increase its rates independently of the RBA’s cash rate since it announced its split with the central bank’s pricing in December last year. According to a statement
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Fixed rate mortgage demand
- October 5, 2010
- Posted by: admin
- Category: Interest rate
Borrowers look to lock in their interest rate ahead of the next predicted rise. It appears fixed rate home loans now account for 3.7 per cent of all loans written – the highest level since September 2009. New borrowers are becoming more cautious about their interest rate and future repayments. I have seen over the
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Fixed interest rates to climb
- September 23, 2010
- Posted by: admin
- Category: Finance News
After months of cuts, lenders may be starting to once again raise the interest on their fixed rate mortgages. The yield curve has moved up 30-40bps in fixed rate terms since the start of the month – driven mainly by RBA Governor comments this week. CBA and ANZ moved last week (ANZ 3 year at
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ING DIRECT reduces fixed rates
- January 8, 2010
- Posted by: admin
- Category: Finance News
ING DIRECT has dropped the interest rate on its two, three, four and five year fixed rate residential mortgage products. Effective from today, the new rates will be some of the most competitively priced fixed rate mortgage products on the market. “Even though fixed rate volumes are currently low across the industry, we expect an