ANZ Follows and increase rate

Posted Friday, 24 March 2017 at 11:31 by Shape Home Loans
Tagged: Investors | LVR for investors | Loan for investment | Loan for investor | Loan for owners occupier | 95% LVR | Rate Change
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ANZ increases rate 

ANZ has followed CBA, NAB and Westpac's move and increased rates for owners and investors.

Owners loan with Principle and interest repayments - No Change

Owners loan with interest only repayments -No Change on existing loans. However for any new loans as of 22/4/2017 rate will increase by +0.20%

Investors loan with Principle and interest repayments - As of 31/3/2017 +0.25% for existing loans and new loan till 22/4/2017. Also any new loans after 22/4/2017 the rate will also increase by any extra +0.11%.

Investors loan with  interest only repayments -As of 31/3/2017 rate will increase by +0.25% 

As of today no credit unions or smaller lenders has announced any increase, but they are tradtionally slower and normally take 1 week AFTER the BIG 4 banks makes their announcements. Historically half the credit unions would NOT increaese in order to win more market share and customers. So if your looking for a refinance for a better rate best to wait 1 week.

Fix rate set to increase over next 1-2 weeks