Banks to raise mortgage rates beyond RBA rates

By Jessica Stanic · 12 October 2009 · Locked

Big Banks Set to Outpace RBA Rate Hikes

Mortgage holders are bracing for a double whammy as the big four banks prepare to raise rates beyond the Reserve Bank's. Will you be affected?

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Summary

The big four banks have indicated they will increase mortgage rates beyond the Reserve Bank’s rates in the coming months, The Sunday Telegraph reports.