Lenders are increasing their interest rates on 4 and 5-year fixed-rate mortgages as they prepare for the end of central-bank sponsored cheap funding designed to lubricate the economy in the wake of the coronavirus pandemic. The Reserve Bank of Australia’s term funding facility will expire at the end of the month, under which lenders are able to access money at very low interest rates. To read the entire article by John Collett on The Sydney Morning Herald, please click here.
Tags: fixed rate mortgages