Interest Rates Up by 0.25% to 0.35%
|
At its monthly meeting today, the Reserve Bank has decided to increase the official cash rate from 0.10% to 0.35%. This is the first interest rate rise in more than 10 years.
An increase in rates has been highly anticipated following the release of higher than expected inflation figures last week.
There was however speculation that the RBA may have delayed this increase until after the federal election and until it was satisfied there was evidence of sustainable wages growth.
Lenders can set rates independently of RBA movements and their responses to this rate hike may vary. We will update the interest rate changes as they come in from the Australian mortgage market
Please Note: that the above interest rates are only examples and are subject to change. Interest rates are subject to change and vary according to security type, property type, borrow amount against the properties value, loan amount, location, use and purpose. Please complete an online form so we can assess your commercial lending needs
If you have any questions about these announcements or interest rates, please feel free to contact us. Calculate the cost of commercial lending please feel free to use one of our calculators at home loan calculators. For more information regarding interest rates for home and investment loans for owner occupied and investment purposes please visit home loans website. If you have any questions about these announcements or interest rates, please feel free to contact us. Calculate the cost of commercial lending please feel free to use one of our calculators at commercial loan calculators. For more information regarding commercial finance loans for owner occupied and investment purposes please visit commercial loans website |
