The Commonwealth Bank has hiked home loan interest rates for the third time in 6 weeks
Markets

The Commonwealth Bank has hiked home loan interest rates for the third time in 6 weeks

  • CBA has lifted interest rates on fixed rate loans for the third time in six weeks, as the market puts pressure on borrowing costs.
  • RateCity research director Sally Tindall said that although there are sever factors at play, the expiry of the RBA's $188 billion low-cost commercial loan program in June is likely among the leading factors, leaving banks with no option but to hike rates to boost profits.
  • Commercial borrowing costs are only expected to climb, too, as bond investors bet heavily on the idea that the RBA will lift the cash rate as early as May next year.
READ MORE
Reviews

15 items everyone should have in their at-home emergency kit

Emergencies can happen at any time, so it’s imperative to have an at-home emergency kit ready should disaster strike. Experts have suggested creating two kits for unexpected situations: a stationary and mobile emergency kit for your home. Due to fears of coronavirus, we’re doing our best to ensure the products […]
15 items everyone should have in their at-home emergency kit