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Expect home loan rates to rise, says analyst

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Julia Corderoy | 24 Sep 2015, 07:29 AM Agree 0
Home loans rates will rise as banks are likely to pass the burden of "significant" increases in the cost of funding onto consumers
  • SEQ Broker | 24 Sep 2015, 09:50 AM Agree 0
    What Guf! The term "remains challenging" is spin. So what you're saying is $8 to $12 billion per annum profit is putting banks in a "remains challenging" position. APRA is simply giving banks an excuse to write themselves a bigger paycheck.

    With your definition, there is only half a dozen businesses in Australia that are not in a "challenging" position. How could you justify that hogwash, then write an article that basically supports lending institutions capitalising on innuendo from APRA who is effectively in a position of having to justify their existence.

    I think my position of "competition will ensure rate cuts are passed on to consumers" has a lot more weight to it than your speculation. At least there is historical evidence to back my position up - you are having a guess and then publishing it.
  • Harold Spencer | 24 Sep 2015, 11:28 AM Agree 0
    Mr Mott, as an analyst for UBS you should be well aware of Mr Byres intelligence. Shame on you for using it to promote your own gain.
  • Harold Spencer | 25 Sep 2015, 11:13 AM Agree 0
    ANZ came out publicly yesterday and stated rates will go down. Let the games begin. Let's see who earns their bonus this year!
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