Changes today comprise TSB Bank nudging its four-year fixed rate up by 15 basis points to 8.50% which is now the highest offered by a minor bank but on a par with the majority of the major banks for this term and HSBC Premier added 10 points to its six-month rate, taking it to 5.49%, the lowest rate from a bank.
General Finance and its subsidiaries, Cairns Lockie and Emortgage raised its six-month rate by 30 points and its three and four-year rates rose by 29 and 25 points respectively today also.
Following last weeks official cash rate announcement, this weeks economic commentaries are suggesting the next years rate rise won't be early and gradual. Click here to check out what the economists are saying will happen.
Also, we take a look into how hard times can push people to cross the line with mortgage fraud cases doubling in some areas since the recession, according to the Serious Fraud Office. Click here for more on this story.
