ANZ is following its major bank competitors in increasing interest rates on some longer-term fixed home loans, but has also cut its two-year fixed rates for owner-occupiers and investors.
Interest Rate News
Home loan rates continue to move even though the cash rate is still on hold, with cuts and rises across the board and new record low rates made available in the past month. While mortgage interest rates remain low, it appears Australians are split on whether now is a good time to buy.
Data released this week revealed property prices are rising sooner than expected. Sellers might be tempted to capitalise on these conditions, but would then join the hoards of buyers vying for limited stock, creating a pricing surge that could put pressure on the RBA to increase rates.