7NEWS Australia published this video item, entitled “NAB and Commonwealth Bank increase their fixed mortgage rates | 7NEWS” – below is their description.
There’s a new blow for borrowers with NAB following the Commonwealth Bank today increasing their fixed mortgage rates.
It comes as speculation increases over a new rate hike from the Reserve Bank on Tuesday.
Commbank yesterday hiked all their 1 to 5 year fixed rates by 1.4%. While NAB hasn’t hiked theirs quite as high, with a change of 1.1%, a three year term sitting at 5.79%. Savings rates are finally moving up with some banks, but others are opting to pass on the hike.
More Details: https://7news.link/FixedRateRise
7NEWS Australia YouTube Channel
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