WHERE ARE RATES HEADING?
* Economists say a price hike on August 1 is a 50-50 name.
* CBA says the money price will peak, after an August hike, at 4.35 per cent.
* NAB and Westpac say there are two extra rises within the pipeline taking the speed to 4.6 per cent by September.
* ANZ says the Reserve Bank will pause at 4.1 per cent.
FIXED RATES EDGE UP
* As of this week, the massive 4 banks now not supply fastened charges underneath six per cent.
* The large 4 banks’ lowest marketed fastened charges vary from 6.29 per cent to six.84 per cent.
* But different smaller lenders are providing fastened charges as little as 5.23 per cent.
* About two-thirds of lenders lifted no less than one fastened price prior to now month.
* RateCity says stress on revenue margins is prone to be the important thing motivator behind the fastened price will increase, as debtors more and more present an absence of curiosity in fixing.
(Source: RateCity)
Source: www.perthnow.com.au
