Market watch: fixed rates increase
If you’re ready to invest in property and you’re starting to get your finances in order, you might be interested to know that some major lenders have increased their fixed rates, with others likely to follow.
Westpac, ING Direct, Suncorp, ME, Bank of Queensland, Bank of Sydney and RAMS raised their fixed-rate deals in the last week.
The money markets indicate that the era of low rates is coming to an end and predict rate increases.
This means banks offering fixed rates are under pressure and it’s likely they’ll increase them.
There are still some fixed rates on offer at below 4%, and if you’re ready to get your finances in order, now might be a good time to get in before they increase.
Call us for a chat about your finances or have a look at our Finance Services page.
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