Variable Interest Rate Up
April 30th, 2008 | by winsonlee |National, ANZ and St George Bank lifted its variable mortgage interest rates by 10 basis points. The raise will lift its variable home loan interest rate to 9.46 per cent a year.
The above chart shows the current Cash Rate Yield Curve and Implied Expectations of Changes to the Target Cash Rate for the next 18 months. So for those who are looking for property, you still have another year to save for your house deposit before actually decide on which property to buy.
source : http://www.asx.com.au/sfe/targetratetracker.htm
