"HOMEOWNERS are staring at the prospect of two more interest rate rises after the Reserve Bank delivered its bluntest warning on inflation."
- heraldsun.com.au
I had a look at our loan account just now.
When we bought our home in Oct 07, the rate offered by our lender was 7.4%.
In Dec, it went up to 7.65%.
In Jan this year, 7.8%.
We have just received another "Your minimum repayment is changing" notice.
Due to the recent rate rise announced by the Reserve Bank of Australia, our variable rate is now 8.05%.
*Ouch*
No comments:
Post a Comment