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ANZ raises rates, scraps exit fees

ANZ has announced it is lifting its standard variable mortgage rate by 39 basis points, but it is also abolishing its mortgage exit fee. The bank's 39-basis-point move is above the Reserve Bank's official increase of 25 points but below the Commonwealth Bank's 45-basis-point increase.

ANZ has announced it is lifting its standard variable mortgage rate by 39 basis points, but it is also abolishing its mortgage exit fee. The bank's 39-basis-point move is above the Reserve Bank's official increase of 25 points but below the Commonwealth Bank's 45-basis-point increase.…

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