where i can find today’s wholesale market rate for fixed mortgage (2years)?
as i want to exit a fixed mortgage with ANZ, and they could not locate today’s wholesale market rate and told me to look in the news papers. is it available online?
Your bank is an idiot. They should be able to advise you of what break costs would be applicable if you paid out your loan. The pay out amount would only be valid for the day of your enquiry but would be a good indication of what the final amount would be. The amount will change each day but not usually significantly. Tell them you want to pay out your loan and request the amount due.
It is irresponsible of them to suggest that you locate the wholesale market rate. Get back to them and tell them to provide you with the service for which you are paying them.
It is not up to you to do their work for them
May 1st, 2010 at 5:02 am
Your bank is an idiot. They should be able to advise you of what break costs would be applicable if you paid out your loan. The pay out amount would only be valid for the day of your enquiry but would be a good indication of what the final amount would be. The amount will change each day but not usually significantly. Tell them you want to pay out your loan and request the amount due.
It is irresponsible of them to suggest that you locate the wholesale market rate. Get back to them and tell them to provide you with the service for which you are paying them.
It is not up to you to do their work for them
References :
Bank manager/lender