St.George and Macquaire today announced an increase in interest rates for their standard variable home loans.
St.George Standard Variable Rate Home Loans for owner occupiers will increase by 15 basis points to 5.69% pa
Similarly, St.George Standard Variable Rate Investment Loans will increase by 15 basis points to 5.94% pa.
Macquaire bank Standard Variable Rate Home Loans for owner occupiers will increase by 20 basis points to 5.70% per annum, and the Investment Variable Rate (IVR) will also increase by 20 basis points to 5.97% pa.
The new rates will come into effect on 20 November 2015 for both lenders.
None have made any announcement yet, in fact some of the smaller banks has reduced their in order to win more business and be more competitive.
Aus Wide Bank - 3.98% Variable with 100% offset
Bankwest - Fixed from 3.95% ( 3 years)
ING Bank - 3.99% Variable with 100% offset