CBA tips mortgage rates to rise

Commonwealth Bank of Australia’s (CBA) competitive pricing on mortgages helped it gain 21.9% of the mortgage market in 2009, but chief executive Ralph Norris has warned interest rates could rise.

“There’s no doubt we will reprice where necessary, we have to do what’s right on a commercial basis,” Norris said during the bank’s full year results briefing. Read More »


Posted by Iden on Thursday the 13th of August, 2009. 5 Comments »

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Westpac, NAB hike fixed rates

Commonwealth Bank is not the only one to increase is interest rate.  Another two major banks, Westpac and NAB have increased their fixed rate mortgages yesterday.

Effective today, Westpac’s fixed rate loans will rise by between 10 and 50 basis points. The hike will take its three year fixed rate mortgage to 6.59 per cent – just 10 basis points behind CBA, who pushed up its fixed rates yesterday. Read More »


Posted by Iden on Wednesday the 17th of June, 2009. 1 Comment »

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