Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

St George hikes fixed rates

Staff Reporter 1 minute read

St George has increased its fixed rate home loans lending weight to speculation that the best fixed rate deals may have already come and gone.

As of Wednesday this week, St George’s two, three, four and five year fixed rates are now all 30 basis points higher.

A two year fixed rate home loan with St George now sits at a rate of 5.74 per cent; borrowers can secure a three year fixed rate of 5.99 per cent.

The bank said high prices in long-term money markets were behind the decision.

St George’s move to lift its fixed rates comes as speculation heats up over the best timing to lock in a fixed rate.

Advertisement
Advertisement

A straw poll on Mortgage Business earlier this month found 67 per cent of brokers thought fixed rates still had further to fall.

Industry figureheads are divided, with NAB Broker’s Matt Lawler telling brokers at a roundtable earlier this month that now was time to start talking to clients about fixing.

However ANZ’s CEO Mike Smith recently told a Brisbane luncheon he “wouldn’t be in a hurry” to fix.

 

St George hikes fixed rates
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
question mark 850 Brokers reveal which lenders are leading the way

The results are in for the Third-Party Lending Report 2020, revea...

board room office ta Lender revamps broker team

A low-deposit mortgage lender has announced changes to its third-...

build SMEs showing greater resilience to COVID-19

Businesses with an annual turnover of less than $200,000 have far...

FROM THE WEB