The rising cost of funds and ongoing regulatory changes are creating “the perfect storm” for banks to begin raising their home loan rates.
There are numerous reasons why banks may soon be compelled to increase home loan interest rates and continue to do so over the next 12 months. Wholesale funding costs, pressure on profit margins and ongoing regulatory changes may be pressure points for the banks. The rising Australian dollar and increased compliance costs are other factors which are also putting pressure on banks to increase home loan interest rates… especially in the Investor space Due to this, it is time for borrowers to think the likelihood of interest rate movements has become important and imminent It is potentially a good time to start discussing with your broker the possibility of refinancing under a fixed interest rate. Call us, email us or send us a Private message and we can help obtain the best outcome