Sea of red rates
Friday, July 12th 2013, 8:26AM
HSBC is the latest bank to increase rates. That means that all the banks have now increased longer term rates in the past four weeks. Here we have used the new tool on the rates table to show you changes in the past four weeks (you can select other time periods too). When you click on the link you will see a sea of red around the banks.
Yesterday we reported on Westpac's increases. However we didn't note that it had lowered its one-year capped home loan rate from 6.50% of 5.49% and introduced a new two-year capped rate of 5.85%. We will have more on the changes this afternoon in our Weekly Mortgage newsletter.
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