Yellow Brick Road has today confirmed that it will extend its commitment to not lift variable interest rates

on its highly competitive home loan products beyond any official Reserve Bank rate to 1 February 2011.

The decision of the Reserve Bank to lift rates on Tuesday and the Commonwealth Bank the nation’s largest bank increasing its lending rates by nearly double the official rise announced surprised customers and financial markets by jacking up its standard variable rate by 45 basis points.

If you considering purchasing a property or refinancing soon the commitment of Yellow Brick Road as announced by chairman Mark Bouris on 11 September and reconfirming its commitment Yesterday not to move rates unless the RBA makes a decision to lift interest rates can save you on your monthly repayments - and i sat next to Mark the other day while he drank his coffee at a local cafe, and he seems like a pretty cool dude :-)

I can't link you out to ybr because i want you to know we are not affiliated with them, but we sure do like 'em. Google it!