{"id":1774,"date":"2022-02-11T05:51:39","date_gmt":"2022-02-11T05:51:39","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/major-banks-still-rolling-out-fixed-rate-hikes\/"},"modified":"2022-02-11T05:51:39","modified_gmt":"2022-02-11T05:51:39","slug":"major-banks-still-rolling-out-fixed-rate-hikes","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/major-banks-still-rolling-out-fixed-rate-hikes\/","title":{"rendered":"Major banks still rolling out fixed-rate hikes"},"content":{"rendered":"

[ad_1]
\n<\/p>\n

\n
\n

\"\"<\/p>\n

The four biggest home loan providers have continued their uptrend in fixed rates at the start of the year, in an anticipation of a likely cash-rate hike later this year.<\/p>\n

Westpac was among the first to forecast a rate hike by August<\/a>, which would see the cash rate increase by 15 basis points to 0.25%.<\/p>\n

Westpac economist Bill Evans said this potential rate hike by the Reserve Bank of Australia would come despite the likely impacts of the Omicron variant, which dragged the economic growth projections for 2022 from 6.4% to 5.5%.<\/p>\n

\u201cWe do not see that correction as having a significant impact on jobs growth or wages and inflation,\u201d Mr Evans said.<\/p>\n

Westpac previously called for a February 2023 rate hike, but Mr Evans said the adjustment in the projections was due to where inflation is currently tracking.<\/p>\n

\u201cWe expect that underlying inflation will reach 2.4% in 2021 and lift to 2.6% in March 2022 and 2.9% in June 2022,\u201d he said.<\/p>\n

The last time the cash rate was adjusted upwards was in November 2010, when it was raised by 25bps to 4.75%.<\/p>\n

NAB also projects a series of rate hike beginning in November<\/a>, which would bring the cash rate by 0.75% by February 2023.<\/p>\n

All big four banks have now raised their fixed rates across their investor products, with Westpac already rolling out two rounds of hikes.<\/p>\n

Interestingly, their variable rates remained the same, with some banks reducing their special offer variable rates.<\/p>\n

Standard Investor Variable Rates for Principal and Interest rate Loans<\/h2>\n\n\n\n\n\n\n\n
<\/p>\n

Bank<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Advertised Rate<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Comparison Rate<\/strong><\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

ANZ<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.99% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

5.09% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

CommBank<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

5.13% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

5.28% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

NAB<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.97% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.01% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Westpac<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.84% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.24% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n<\/tbody>\n<\/table>\n

These rates are available from their respective websites.<\/p>\n

Meanwhile, below are some of the recent changes in the home loan rates among the big four over the past few weeks:<\/p>\n

ANZ<\/h2>\n\n\n\n\n\n\n\n\n
<\/p>\n

ANZ Loan Product<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Change<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

New Advertised Rate<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Comparison Rate<\/strong><\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Investment Simplicity Plus P&I 70-80% Special Offer<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

-40bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

2.59% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

2.63% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Breakfree Investment Fixed 3 yrs \u226480%<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+30bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.59% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.00% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Breakfree Investment Fixed 3 yrs 80-90%<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+30bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.64% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.16% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Breakfree Investment Fixed 5 yrs \u226480%<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+40bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.19% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.25% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Breakfree Investment Fixed 5 yrs 80-90%<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+40bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.24% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.38% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n<\/tbody>\n<\/table>\n

CommBank<\/h2>\n\n\n\n\n\n\n\n\n
<\/p>\n

CommBank Loan Product<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Change<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

New Advertised Rate<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Comparison Rate<\/strong><\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Inv Extra P&I <70%<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

-40bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

2.49% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

2.50% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Investment Fixed P&I 3 yrs<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+10bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.64% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.87% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Investment Fixed P&I 5 yrs<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+20bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.04% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.82% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Wealth Package Investment Fixed P&I 3 yrs 150k+<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+10bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.49% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.59% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Wealth Package Investment Fixed P&I 5 yrs 150k+<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+20bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.89% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.62% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n<\/tbody>\n<\/table>\n

NAB<\/h2>\n\n\n\n\n\n\n\n\n
<\/p>\n

NAB Loan Product<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Change<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

New Advertised Rate<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Comparison Rate<\/strong><\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Inv Tailored Fixed – P&I 1 yr<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+15bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.04% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

5.05% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Inv Tailored Fixed – P&I 2 yrs<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+20bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.19% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.89% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Inv Tailored Fixed – P&I 3 yrs<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+15bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.64% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.85% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Inv Tailored Fixed – P&I 4 yrs<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+15bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.84% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.81% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Inv Tailored Fixed – P&I 5 yrs<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+15bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.94% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.76% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n<\/tbody>\n<\/table>\n

Westpac<\/h2>\n\n\n\n\n\n\n\n\n
<\/p>\n

Westpac Loan Product<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Change<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

New Advertised Rate<\/strong><\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Comparison Rate<\/strong><\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Investment Fixed P&I 2 yrs 70%<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+20bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.14% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.90% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Investment Fixed P&I 3 yrs 80%<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+10bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.64% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.87% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Investment Fixed P&I 3 yrs 70%<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+20bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

3.64% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.87% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Investment Fixed P&I 4 yrs 70%<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+30bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.04% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.89% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Investment Fixed P&I 5 yrs 80%<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

+20bps<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.19% p.a.<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

4.88% p.a.<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n


\n Top Suburbs :
\n
\n
\n wallsend<\/a>
\n
\n ,
\n
\n freshwater<\/a>
\n
\n ,
\n
\n coorparoo<\/a>
\n
\n ,
\n
\n sth toowoomba<\/a>
\n
\n ,
\n
\n balga<\/a>
\n \n<\/p>\n<\/p><\/div>\n

\n
\n


\n Get help with your investment property<\/h3>\n

Do you need help finding the right loan for your investment?<\/strong><\/p>\n

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.<\/p>\n

Just fill in a few details below and we’ll then arrange for a local mortgage broker\u00a0to contact you and work out what features or types of loans are right for your needs. We’ll even help with the paperwork. Plus an\u00a0appointment is free.<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n

<\/p>\n

\n We value your privacy and treat all your information seriously – you can check out
\n our privacy policy here<\/a><\/div>\n<\/div>\n