Article #976495878
Wednesday, November 4th 2009, 9:31AM
Unfortunately we are still seeing rates rising with the latest bunch of lenders including TSB Bank, HSBC Premier, Credit Union Baywide, General Finance and Silver Fern Mortgages.
TSB Bank nudged its four-year fixed rate up by 15 basis points to 8.50% which is now the highest offered by a minor bank but on a par with the majority of the major banks for this term and HSBC Premier added 10 points to its six-month rate, taking it to 5.49%, the lowest rate from a bank.
General Finance and its subsidiaries, Cairns Lockie and Emortgage raised its six-month rate by 30 points and its three and four-year rates rose by 29 and 25 points respectively today also.
Credit Union Baywide made a big move in increasing its 18-month term by 55 basis points to 6.75% as well as Silver Fern with major increases across its fixed rates of one-year and longer.
| « | Yep, it's the two-year market for SBS » |
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