NAB increase rate by 0.17 for Home owners and investors October 2015

Posted Friday, 23 October 2015 at 11:45 by Shape Home Loans
Tagged: Loan for investment | APRA lending laws | Loan for owners occupier | Loan for investor | Investors | First home buyer | home loans | interest rates | news
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Rate is set to increase by 0.17 as of 12 Nov 2015

National Australia Bank is raising home loan interest rates by 17 basis points, joining Westpac and Commonwealth Bank in blaming the increase on tougher regulations on banks ( APRA).

NAB's standard variable home loan interest rate will rise to 5.6 per cent, and the change will take effect on November 12, it applies to both home owners and investors.

Will ANZ make a move and when?

- We expect ANZ to increase the rate as well. How much? our guess is 0.15-0.20, most likely toward the higher side given their STD variable rate is one of the lowest out of the Big 4.
- ANZ meets on the 2nd Friday of the month for their rate decision, so if they dont break the cycle their next announcement would be around 13/11/2015.

Click here for a list of the top 21 banks and their rate decision for October and November 2015.