Owner-occupier mortgage rate hikes accelerate

Wednesday 26 July 2017

Via AFR:

Westpac’s two-year investor principal and interest loans will increase by 31 basis points to 4.39 basis points. Rates on four and five-year rates will fall by up to 10 basis points.

Westpac owner-occupier interest-only fixed rates will rise by 13 basis points over one to five-year terms.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.