The tide has turned
For months now, we have been reporting on the competition that existed with Fixed Rates and even started to comment on how the rates were generally starting to increase.
The trickle that was there is no growing in size and whilst it is certain not a floodgate, at least four lenders – Adelaide Bank, Citibank, St George and Westpac – all increased their fixed rates in the last day or so.
The main increases have been in the 2 – 3 year fixed rate terms and have been in the vicinity of .20 and 0.30%.
If you would like to know more information, then just contact us and we will happily help.