Finance Broker Australia

St George Bank have just announced that due to continued higher costs of wholesale funding St George/BankSA will increase the interest rates on its Variable Rate Home Loans (excluding Low Doc loans) by 0.20%pa. This new rate will be effective for both new and existing borrowers from Tuesday 8 July 2008.

St George Variable interest rate Home Loan products which are increasing are;

• Standard Variable
• Portfolio Variable Loan
• Discount Variable
• Seniors Access Home Loan
• St.George No Deposit Home Loan – Quick Start Option

IMB Building Society variable interest rate home loans increased by 0.10 percent effective 19th May 2008.

Variable interest rate home loans affected are as follows;

• Budget Blue Home Loan
• Budget Home Loan
• Discount Split Choice Home Loan
• Equity Line Advantage
• Lo Doc Home Loan
• Standard Variable Interest Rate Home Loan

Contact Ability Finance brokers on 02 80024035 for further information.

1 May 2008

INCREASES TO VARIABLE INTEREST RATE HOME LOANS

ING DIRECT continues to experience higher funding costs as a result of changing credit market conditions and have reviewed their variable interest home loan rates to reflect this.

Effective from Friday 2nd May 2008, ING Direct variable interest rate mortgage rates will increase by 0.10 percent p.a.

All fixed rates remain unchanged.

Contact your finance broker on 02 8002 4035 for further information or email using this finance broker contact form.

Suncorp variable interest rate home loans have increased by 0.10 percent for the following products;

• Back to Basics Lo Doc
• Back to Basics
• Bridging Loan
• Standard Variable
• Standard Variable Lo Doc

For more information contact your finance broker on 02 8002 4035.

Variable Rate Changes

ANZ today announced an increase to Variable interest rates of 0.10 percent pa as a result of sustained increases in funding costs associated with the turmoil in global markets, effective Monday, 28th April 2008 (the interest rate applies at settlement not approval):

Variable interest rate home loans that are increasing are the ANZ Standard Variable Rate Home Loan, ANZ Money Saver Home Loan and the ANZ Equity Manager.

Please contact your finance broker on o2 8002 4035 for further information.

Citibank interest rate change

Citibank Mortgages has increased its rates for new and existing customers as of the 18/04/2008

Standard Variable Self Certified loans:

Existing Customers: 0.15 percent p.a. increase

New Business: 0.03 percent p.a. increase

All other standard variable products (fully verified loans)

Existing Customers: 0.15 percent p.a. increase

New Business: 0.15 percent p.a. increase

Fixed rates have also been increased.

AMP Banking Variable Interest Rate Changes effective 10 April 2008. The following AMP Banking variable interest rate home loans are increasing by 0.10 percent tomorrow

• Introductory Classic Variable Rate Loan
• Classic Variable Rate Loan
• Classic Line of Credit
• Construction Loan
• Select Variable Rate Loan
• Introductory Professional Package Variable Rate Loan
• Professional Package Variable Rate Loan
• Professional Package Line of Credit
• Standard Rate Low Doc (LMI payable LVR >60% to 80%)

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.

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

3 April 2008

INCREASES TO VARIABLE INTEREST RATE HOME LOAN

Like all financial institutions in Australia, ING DIRECT has continued to experience higher funding costs as a result of changing credit market conditions and we have had to review interest rates to reflect this.

In response to these conditions, ING DIRECT will increase variable interest rates on mortgages. Effective from Friday 4th April 2008, our variable mortgage rates will increase by 0.10% p.a.

All fixed rates remain unchanged.