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.

Lo Doc variable loans will increase by 0.38 percent. Unlike most other financial institutions The Rock Building Society did not pass on any increased costs to Lo Doc customers in 2007, however the sustained nature of the current market instability has forced it to make the difficult decision to pass on part of the increase at this time.