ANZ has become the final of the big 15 Australian banks to raise the rate of its standard home loans, blaming market conditions, as well as regulatory changes which are requiring the major banks to increase the amount of capital they hold against their home loan portfolios. ANZ has raised it by 18 basis points to 5.6% ; ANZ lifted its variable mortgage rate by 17 basis points to 5.56% , National Australia Bank by 20 basis points and Commonwealth to 15 basis points.
ANZ has become the final of the big four Australian banks to raise the rate of its standard home loans, blaming market conditions, as well as regulatory changes which are requiring the major banks to increase the amount of capital they hold against their home loan portfolios. ANZ has raised it by 18 basis points to 5.56%; National Australia Bank lifted its variable mortgage rate by 17 basis points to 5.6%, Westpac by 20 basis points and Commonwealth to 15 basis points.