Comments on: Home loan rates up by more than RBA, as predicted http://mozo.com.au/blog/2009/12/02/home-loan-rates-up-by-more-than-rba-as-predicted/213 Sun, 05 Feb 2012 14:45:47 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Socially Retarted: big business and online media « Two Twenty-Nothings http://mozo.com.au/blog/2009/12/02/home-loan-rates-up-by-more-than-rba-as-predicted/213/comment-page-1#comment-468 Socially Retarted: big business and online media « Two Twenty-Nothings Tue, 15 Dec 2009 05:19:34 +0000 http://blog.mozo.com.au/?p=213#comment-468 [...] interest rates to banana smoothies and was an attempt to justify their interest rate rise nearly double that of the Reserve [...] [...] interest rates to banana smoothies and was an attempt to justify their interest rate rise nearly double that of the Reserve [...]

]]> By: Andrew Duncanson http://mozo.com.au/blog/2009/12/02/home-loan-rates-up-by-more-than-rba-as-predicted/213/comment-page-1#comment-463 Andrew Duncanson Mon, 07 Dec 2009 02:02:52 +0000 http://blog.mozo.com.au/?p=213#comment-463 So what did St George do? They've increased variable rates by 0.39%, except their Basic Home Loan which is going up by 0.44%. So they clearly were intending to follow their Dear Leader. But after the media firestorm that Westpac has been through, St George has tried to differentiate themselves. They may be part of Westpac but they still want to be seen as a little different to Westpac. I'd say that coming out with the second worst rate increase is not much of a differentiation at all, and shows clearly who pulls the strings. What a shame the ACCC has only just realised that maybe Westpac shouldn't have been allowed to eat St George. So what did St George do? They’ve increased variable rates by 0.39%, except their Basic Home Loan which is going up by 0.44%. So they clearly were intending to follow their Dear Leader. But after the media firestorm that Westpac has been through, St George has tried to differentiate themselves. They may be part of Westpac but they still want to be seen as a little different to Westpac.

I’d say that coming out with the second worst rate increase is not much of a differentiation at all, and shows clearly who pulls the strings.

What a shame the ACCC has only just realised that maybe Westpac shouldn’t have been allowed to eat St George.

]]> By: Andrew Burger http://mozo.com.au/blog/2009/12/02/home-loan-rates-up-by-more-than-rba-as-predicted/213/comment-page-1#comment-447 Andrew Burger Fri, 04 Dec 2009 06:37:29 +0000 http://blog.mozo.com.au/?p=213#comment-447 Great article. You put the 'Can' back into DunCANson! Great article. You put the ‘Can’ back into DunCANson!

]]>