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St George raises rates

July 5th, 2008 by admin

St George Bank has lifted its standard variable home loan rate by 0.2 percentage points to 9.67%, independently of the central bank.

Australia’s fifth largest bank attributed the rise to the continuing high cost of funds it sources for itself.

The rate rise equates to an increase of $10 a week for repayments on an average loan of $250,000 over 30 years. Read more
Courtesy: business.theage.com.au

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