ANZ goes it alone.

Our world seems to be one in which interest rates go up!

ANZ has independently increased home loan rates for the first time since announcing, some months ago, that they were de-coupling from RBA rate decisions.

ANZ now reviews rates on the second Friday of each month - long enough after any RBA decision, which is always announced on the first Monday of the month. However this is the first time that ANZ has moved rates since this policy changed.

It hasn't proved tempting enough for any other lenders to make a move with them though. 

Before the GFC, all four major lenders had standard variable home loan rates with no more than 0.01% difference between them. This is where those standard variable rates sit now with the Big 4:

ANZ        7.42% pa

CBA        7.41% pa

Westpac  7.46% pa

NAB       7.31% pa

The discount offered by each of these lenders for loans over $250000 (under 'Wealth', 'Advantage', 'Breakfree' packages) also varies. One lender offers greater discounts through mortgage brokers than their branch network, reflecting the lower cost of the channel.

Which one? You'll have to contact us to find out!