Home loan interest rates to rise

Posted by Simon Dehne on April 12, 2016 in Latest News with No Comments


interest_ratesMore lenders are likely to increase interest rates on their home loans, following in the steps of Bank of Queensland Limited (ASX: BOQ) earlier this week.

That’s despite the Reserve Bank of Australia (RBA) keeping the official cash rate on hold at 2% this week.

Bank of Queensland raised its standard variable rate by 12 basis points (0.12%) for owner occupiers, while investors were slugged with an even higher 25 basis points hike effective from April 15.

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Interest Rates in Australia

RBA Cash Rate:

1.50%

Next RBA meeting:

6/02/2018

Last months RBA Decision

- 0.00

RBA Rate Change last 12 mths:

-0.00%


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