Australia's biggest bank unloads with its biggest ever rate hike
Australia’s largest bank has ended the fiscal year with a bang that will shake the foundations of many borrowers.
CBA is hitting fixed rate borrowers as it seemingly shifts its pitch towards variable rate mortgagees.
The era of rock-bottom interest rates has come to a screeching halt.
Australia’s largest bank has ended the fiscal year with a bang that will shake the foundations of many borrowers, and other banks are not far behind.
Commonwealth Bank (CBA) hiked fixed rates by a massive 1.40 percentage points for both owner-occupiers and investors on all fixed rate terms.
RateCity.com.au Research Director, Sally Tindall, said it represented the biggest one-off…
