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St George changes mortgage interest rates

St George changes mortgage interest rates

St George Bank has made a series of changes to its fixed home loans, with some home loan rates going up and others going down.

Owner-occupiers paying principal and interest have seen their fixed-rate mortgages increase by between 0.04 percentage points and 0.10 percentage points.

Owner-occupiers with interest-only mortgages have copped increases of up to 25 basis points.

Investors paying principal and interest have seen their mortgage interest rates climb by 10 to 30 basis points.

For investors with interest-only home loans, mortgage rates have fallen by 4 basis points for some borrowers and jumped by 10 basis points for others.

Owner-occupiers – principal and interest

Standard fixed rate1-year fixed2-year fixed3-year fixed4-year fixed5-year fixed
Old rate4.14%4.00%4.09%4.44%4.44%
New rate4.24%4.04%4.14%4.54%4.54%
Change+10 points+4 points+5 points+10 points+10 points

Owner-occupiers – interest-only

Standard fixed rate1-year fixed2-year fixed3-year fixed4-year fixed5-year fixed
Old rate4.64%4.39%4.49%4.79%4.99%
New rate4.64%4.49%4.60%5.04%5.24%
Change+0 points+10 points+11 points+25 points+25 points

Investors – principal and interest

Standard fixed rate1-year fixed2-year fixed3-year fixed4-year fixed5-year fixed
Old rate4.34%4.14%4.34%4.74%4.74%
New rate4.64%4.34%4.44%5.04%5.04%
Change+30 points+20 points+10 points+30 points+30 points

Investors – interest-only

Standard fixed rate1-year fixed2-year fixed3-year fixed4-year fixed5-year fixed
Old rate4.84%4.64%4.64%5.24%5.24%
New rate4.84%4.60%4.69%5.34%5.34%
Change+0 points-4 points+5 points+10 points+10 points

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This article was reviewed by Personal Finance Editor Alex Ritchie before it was published as part of RateCity's Fact Check process.

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