Via Courier Mail:
SUNCORP is lifting home loan rates for the second time this year, following on moves from big rival Westpac earlier this week.
The Queensland-based lender’s decision to lift all variable rate home loans by 0.17 per cent was because of pressure from higher funding costs, Suncorp’s banking boss David Carter said.
While declining to provide specific numbers, he said the move will only recover some of those higher costs for the 130-branch bank, which made $375 million last year.
It’s now an out-of-cycle cycle.
