Don’t Miss the Home Loan Bus. What does this mean?
Check out our quick (and funny) video below…
No, variable rates aren’t going crazy – so no need to start listing items on eBay just yet and Yes, the reserve bank hasn’t officially increased the cash rate BUT we have seen a domino effect amongst our lenders increasing their fixed interest rates.
The rate increase bump up seems to have been applied to most 4 year fixed rates and up. It makes me believe that there are expectations that things may possibly move in that time frame, or maybe the banks are just out of low rate deals?
With new lockdown restrictions this could mean lenders may be looking to tighten their lending policies in the near future.
If you have been sitting on your hands on wanting to lock your rates to a cheaper rate you should consider doing it now, and seeing if it is the right choice for you as these low rates are on the move and wont hang around for long.
If you are wanting to chat to me about fixing your home loan interest rate please book in appointment using the button below or call me, Ben Eick, Nectar Home Loans Hunter on (02) 4040 0910 or 0414 383 212. Alternatively you can email me at firstname.lastname@example.org