MONEY MATTERS: Rates going up? It’s time to lock in your home loan

By Russell Tym
Updated March 21 2017 - 12:43pm, first published 12:18pm
HOME OWNERS BEWARE: "Those who don’t plan to sell their home in the next few years should consider locking in a fixed rate for a long term" - Russell Tym. Photo: JUDE KEOGH
HOME OWNERS BEWARE: "Those who don’t plan to sell their home in the next few years should consider locking in a fixed rate for a long term" - Russell Tym. Photo: JUDE KEOGH

National Australia Bank raised its owner occupied home loan rates by 0.07 per cent last week and other banks quickly followed. With no Reserve Bank movement in sight and none likely for some time, borrowers wondered if the banks are profiteering.

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