Effective Friday 11 April 2008, the Rock Building Society will increase all of its variable home loan interest rates (excluding lo doc variable) by 0.10 percent as a result of continuing increased wholesale funding costs. This interest rate rise is in line with adjustments made by other financial institutions recently.
Citibank have announced that from 14 April 2008 Citibank will no longer pay the Lenders Mortgage Insurance premium for new Self-Certified loans. Instead, new Citibank customers will be required to meet this cost. Citibank continue to provide a wide range of valuable benefits to all Self-Certified customers including:
Product Changes Bluestone recently sent out a communication regarding its positioning in light of conditions in the credit and securitisation markets. As part of Bluestone’s ongoing review process, they have simplified their Residential Mortgage offering. These changes will take effect on Monday 7 April 2008.
Commonwealth Bank have announced that effective Wednesday the 9th April 2008 an increase to the standard variable interest rate for home loans.
Standard Variable Rate, Line of Credit Residential Equity Rate, 12 Months Discounted Variable Rate, 3 Year Special Rate Saver Rate and Equity Unlock for Seniors will all increase by 0.12 percent for new and existing customers from Wednesday 9th April 2008