Rates continued to boil upwards early last week and then fell backwards sharply to where they began the week. Fixed rates also fell back and are now slightly below where they were at the time of the last report.
BBSW30 is at 7.6900% with BBSW90 at 7.8467%. In a rising to high interest rate climate, this gap of about 0.15% between the 30 day and 90 day rates is roughly where the “normal” split has been over time.
Fixed rates are ranging between 7.98%-8.14%.
0.15% off Fixed Rates in Advantage Package, for a limited time
From Tuesday 10 June 2008 we are offering 0.15% off Fixed Rates in the Advantage Package, for a limited time.
The following conditions apply:
Change in Fixed Rates as of Tuesday 10 June 2008
St.George/BankSA will be increasing its 1-, 2-, 3-, 4- and 5-Year Fixed Rate Home Loans effective from Tuesday,
10 June 2008 for new customers and for existing customers switching into a new fixed rate.