NAB have hiked rates across all 2, 3 and 4-year fixed mortgages for owner-occupiers. The Big Four bank will jump their three year rate back above the symbolic 2% threshold, with the 2-year rate now barely under at 1.99%, up 10 points.
3-year rates go up to 2.08%, also a ten basis point shift, with the 4-year rate hiking to 2.19%, a rise of five basis points.
That leaves Westpac as the only Big Four bank to still have a 3-year fixed rate under 2%. ANZ never dipped under 2%, but have one, two and three-year options all at 2.04%.
Curious about how the new interest rates could affect your loan? Talk to one of our specialists for expert advice and personalised support to guide you through your finance journey.
Published by: Mike Wood @ Australian Broker
Jun 30 2021
