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How your clients really feel about the economy

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Australian Broker | 09 Jul 2013, 07:00 AM Agree 0
Experts expect interest rates to fall or remain steady by the end of 2013 - but for mortgage holders, it's a different story. Find out how borrower sentiment could affect your business
  • MCC | 09 Jul 2013, 03:29 PM Agree 0
    I wont make any comment in regard to rate movement other than to say that current bond market yields will have some impact on borrowers decisions to take on fixed rates at present. However as to the other issue, consumer caution this may have more to do with employment levels, participation rates, & the transition to casualization of the labour workforce over the last 3 decades. The unemployment rate at 5.2% or thereabouts may no longer be a realistic measure? We need to know what the 'underemployment' rate is & how its measured particularly because of the difficulties faced with lower growth across a broad number of industry sectors. If households hve insufficient employment they have insufficient income & that creates stress around job uncertainty. Thats the reality around labour force casualisation.
  • Broker | 10 Jul 2013, 03:26 PM Agree 0
    MCC , never a truer word spoken.
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