ANZ and Westpac increase - others likely to follow
We have had increases in interest rates from a couple of banks this week with word that others are likely to follow shortly. The 12 month and 24 month rates have been hardest hit with increases of .55% and .70% respectively from the special rates previously offered.
As we mentioned in our last newsletter, being proactive and fixing your loan ahead of rate increases is the best way to put you in control of the cost of your home loan. There are still good options available but we are likely to see more increases early in 2014 as the OCR is expected to rise.
Get in touch and we can discuss the best options for fixing your home loan and arrange this directly with the bank for you, free of charge.