National Increases Fixed Home Loan Interest Rates - 11 February 2000

The National Australia Bank will increase some fixed home loan interest rates by 0.2 to 0.4%. The changes are effective from Monday February 14.

The new fixed home loan rates are:

One Year 7.59%
Two Years 8.09%
Three Years  7.99%
Four Years 8.29% 
Five Years 8.39%
Ten Years 8.49%

The increase in fixed rates reflects the rise in the underlying cost of funds.

The six month and one year National Tailored Home Loan fixed rates are unchanged at 5.49% and 6.45% respectively.