news

89 lenders lift rates

By webmaster

Only ten lenders out of 99 remain silent on home loan rate increases after the Reserve Bank’s November rate rise.

According to recent research by Canstar Cannex, 89 lenders have lifted their rates by an average of 0.32 per cent, meaning home owners are now paying 1.34 per cent more than this time last year.

“The high profile hikes of 0.45 per cent we saw last year from Westpac and this year from the Commonwealth Bank certainly signalled a cutting of the umbilical cord from the Reserve Bank and bumped up the average overall figures from the banking sector,” Canstar Cannex financial analyst Mitchell Watson said.

“However, mortgage originators, building societies and credit unions all increased their rates in excess of the official cash rate.”

The research also found that just five lenders out of 99 have increased their rates in line with the RBA.

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%
89 lenders lift rates
SPI logo