Kirsty Lamont from Mozo.com.au tells us the five numbers that you need to know following Tuesday’s cash rate announcement.
8
How many lenders are offering variable home loan rates under 4% at the moment
$44
How much the average monthly home loan repayment would rise by if the RBA increases rates by another 0.25% this year.
11
The number of lenders who have increased interest rates for new investor loans.
15
The number of basis points, on average, that lenders increased 3 year fixed rates by in June
3.60%
This is the best rate you can earn on your savings right now by making a minimum $200 deposit and no withdrawals in the month.
Source Mozo.com.au
http://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/43988-the-five-need-to-know-numbers-of-the-week-mozo-s-interest-rate-watch.html