Archive for "November, 2009"
RBA Interest Rates for 2009/2010
November 9, 2009 | Comment 0
The rate for low doc loans is partly driven by RBA interest movements. RBA interest rates are normally set when the bank meets on the first Tuesday of each month, except January. 2009 In 2009, at the RBA meetings, the bank has set the rates as follows:- RBA interest rates for 2009 • Tuesday, 3 February 2009 rates decrease 1% • Tuesday, 3 March 2009 ...Read more.
Low Doc Loan variable rates rise again
November 9, 2009 | Comment 0
The four major banks, CBA low doc loans, ANZ low doc loans, Westpac low doc loans, and St George low doc loans have all passed on the rate rise again, meaning the variable rates for low doc loans have risen by at least .25% again. This is on top of the .25% increase that occurred on Tuesday October 6 2009. Low doc loans have risen a total of .5% in the last two months. The next meeting of the Rese...Read more.
