Mortgage Rates Commentary 11 November 2009

Mortgage Rates

Southern Cross Building Society has pushed up its fixed interest rates of one, two and three-years.  Its one-year rate has gone up 21 basis points to 5.80%, now the lowest one-year rate in our table.  Its two and three-year rates have risen 20 and 10 points respectively to 6.85% and 7.75%, these are still below the median for these terms.

PSIS has also made a change to its rates with a 40 point increase being made to its four-year rate pushing it out to 8.35%, which is only 10 points off the lowest rate of 8.25% offered by HBS and HSBC Premier.

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