Westpac, NAB raise fixed rates

Westpac, NAB raise fixed rates
Tuesday June 16, 2009, 11:25 am


Westpac and the National Australia Bank (ASX: NAB.ax) have defied the advice of the Federal Government, by increasing their fixed home loan interest rates.

Westpac's one-year fixed term mortgage rate has gone from 5.39 per cent to 5.49 per cent.

The bank's three, four and five-year fixed term home loan rates have also gone up by half a percentage point.

NAB has raised the interest on its two to five-year fixed term loans by between 15 and 40 basis points.

Interest rate strategist at JP Morgan, Sally Auld, says mortgage rates appear to have bottomed out.

"In terms of commercial lending rates for households and businesses, we're likely to be pretty close to the trough," she said.

Last week the Federal Government slammed the Commonwealth Bank for raising its standard variable mortgage rate to 5.74 per cent.

The CBA also confirmed that some home loans with fixed interest rates will rise by 0.1 percentage points from 5.13 to 5.23 per cent.

Both Prime Minister Kevin Rudd and Treasurer Wayne Swan have implored other banks not to follow suit.


http://au.biz.yahoo.com/090615/31/26wgf.html

所有跟帖： 

• I knew this yesterday : ) -江城遊子- ♂ (22 bytes) () 06/15/2009 postreply 21:47:38

• Good on you :-) -fhbg- ♀ (0 bytes) () 06/15/2009 postreply 21:56:21

• 這年頭，政府，銀行，保險公司，個個都在打劫。 -technip- ♀ (0 bytes) () 06/15/2009 postreply 22:25:53

• 漲吧漲吧，等著房價跌～～ -豆腐板- ♂ (0 bytes) () 06/15/2009 postreply 22:40:37

• I knew this yesterday : ) -江城遊子- ♂ -絕不浪費青春- ♀ (23 bytes) () 06/15/2009 postreply 23:52:31

• Good on you! :-) -fhbg- ♀ (74 bytes) () 06/16/2009 postreply 01:32:41

• 這貼不厚道，FIRST HOME BUYER會被你迷惑，強烈建議現在不定 -380gt- ♂ (0 bytes) () 06/16/2009 postreply 00:48:26

• why? 江遊, 青春都定啦 -fhbg- ♀ (4 bytes) () 06/16/2009 postreply 04:00:34

• 我是定一部分而已 -絕不浪費青春- ♀ (0 bytes) () 06/16/2009 postreply 04:55:57

• RBA won't rule out further rates cuts -fhbg- ♀ (1096 bytes) () 06/16/2009 postreply 04:10:32

• RBA minutes imply wait-and-see stance -fhbg- ♀ (3680 bytes) () 06/16/2009 postreply 04:12:04

• RBA won't rule out further rates cuts -fhbg- ♀ (1100 bytes) () 06/16/2009 postreply 04:13:18