NAB sticks to .25% raise but CBA hits borrowers with .37% increase

Posted on December 4, 2009, 3:20 am, by admin, under Uncategorized.

CBA announces a .37% increase on variable rates. Its pretty clear that the competition is dead in the big end of town. Both CBA and Westpac have announced rate increases well above the RBA cash rate, CBA’s in particular coming after NAB announced a .25% rise, clearly signaling that they feel that they can increase rates against their major competitors without affecting their business significantly.

Its interesting to note that there are a number of lenders who are offering very competitive terms as at 4th Dec 2009

RAMs, St George and The Rock Building Society are significantly cheaper than both Westpac and CBA. For more information call Mike Nicholls on 0411 222 551 or visit Mortgagebot our online home loan comparison engine

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