I did warn you about NAB:
National Australia Bank is slugging interest-only owner occupier and residential property investors up to 50 basis points, but has cut rates for some principal and interest buyers.
NAB’s one to five year fixed rates for owner occupier interest-only loans are rising from between 30 to 50 basis points, while the rate for two-year fixed rate investment principal and interest are being cut by about 30 basis points. It is increasing rates for 20 products and reducing rates for eight.
It’s the second major round of increases by NAB since mid-March and follows the other big three in raising rates for interest-only investors and cutting rates for principal and interest borrowers.
This must be hammering specufestor sentiment.
