Self Employed borrowers with Lo-Doc Loans may be eligible for huge reductions in Interest Rates once they have completed their latest Tax Return.
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Monthly Archives: July 2013
ANZ Increase Fixed Rates … Will Other Banks Follow ???
ANZ is the 1st of the “Big Banks” to increase their Fixed Interest Rates on Home Loans.
Customers of ANZ will now pay an additional 0.20% p.a. if they wish to lock in their Home Loan Interest Rate for a 3 year term.
The “Other Banks” have yet to follow the lead of the ANZ and continue to offer 3 Year Fixed Rates between 4.85% p.a. – 4.99% p.a.
Q … Will the other Banks follow the lead of the ANZ Bank ???
A … Not as yet 🙂
RBA … Rates on Hold
Following the decline of the Aussie Dollar and improvements in the Manufacturing Sector the Reserve Bank Board has elected to “Wait & See” by retaining the Official Cash Rate at the current level of 2.75%.
Further reductions in the Variable Interest Rates are predicted however economists are not confident to predict further falls in Fixed Interest Rates which are already experiencing record low levels.
