St.George Home Loan rates to rise by the RBA 25 points
From Friday May 7, St.George Bank will increased variable and fixed home loan interest rates again this week following the Reserve Banks official rise on Tuesday afternoon.
St.George, like the big four providers will raise it’s rates across variable and fixed mortgages by 25 basis points following the RBA’s decision to hike the official crash rate to 4.5%, the highest it’s been in over a year. This has been the sixth rate rise by the RBA in the past eight months.
With many banks feeling the political pressure to increase interest rates on mortgage products, St.George continues to provide home loans with some of the most competitive features and rates on the Australian market.
With a wide selection of home loans on offer, you can still find the best loan to guarantee financial security and achieve your long and short term goals despite increasing interest rates.
Effective today, the following rate changes will be made on St.George home loans.
(image source St.George)
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