Australian banks Australian interest rates

Macquarie hikes mortgage interest rates

Tuesday 12 February 2019

Funny stuff in a carrion comfort kind of way, via AFR:

Existing owner-occupier variable rates with principal and interest payments will rise by six basis points and those with interest only by 16 basis points.

The hikes, which apply from February 21, impact all loan to value (LVR) bands.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.