Beyond Tomorrow Finance

Mobile Mortgage Broker

  • -:¦:-Welcome-:¦:-

    I hope you find some interesting and helpful tips, articles and updates!

    Enlisting a Mortgage Broker to guide you through the maze of home and investment loans will save you time, money and stress!

    You can drop me an email or give me a call if you would like any help or have any questions.

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 2 other followers

  • Archives

  • Meta

Lenders Lifted Rates 0.22% more than RBA since July

Posted by Tamara McDowell on March 26, 2010

A look at more than 200 standard variable mortgages has shown that home loans have risen, on average, 1.22% since July – 22 basis points more than the RBA’s 1% increase in the cash rate.

The research, conducted by financial comparison site RateCity, found that the average standard variable rate mortgage sat at 2.31% above the RBA’s cash rate of 3.75% in February.

Over the past two years the gap between the cash rate and the standard variable mortgage rate was just 1.75%.

The RBA’s cash rate now sits at 4% after the 25 basis point rise on March 2.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: