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Monthly Archives: April 2009

Banks Move on Fixed Rates

April 21, 2009 in Latest News

The window of opportunity to secure a low fixed rate home loan could have closed with the major banks now moving to bump up fixed term rates.Effective today, the Commonwealth Bank’s standard three year fixed rate home loan will rise by 40 basis points to 6.19 per cent while its five year rate will rise by 45 basis points to 6.84 per cent. Yesterday Westpac also moved to increase its fixed rate home loans with its three year rate rising by 40 basis points to 5.59 per cent.  Read more