Here are some recent indications of easing credit conditions...
Macquarie returns to lo-doc loans
AMP cuts rates on entry-level mortgages
CUA slashes variable mortgage rates
What do people think - are these just isolated examples, or a sign of further easing to come. If the NBLs start to come back in force that should put pressure on banks to keep rates low.
But at the same time we have Westpac threatening to raise rates above future OCR raises, and CBA reducing LVRs for development loans, share portfolios and personal investments...
Westpac warns of rates pressure
CBA tightens screws on lending
What other recent examples of credit easing or tightening have you seen?
Macquarie returns to lo-doc loans
AMP cuts rates on entry-level mortgages
CUA slashes variable mortgage rates
What do people think - are these just isolated examples, or a sign of further easing to come. If the NBLs start to come back in force that should put pressure on banks to keep rates low.
But at the same time we have Westpac threatening to raise rates above future OCR raises, and CBA reducing LVRs for development loans, share portfolios and personal investments...
Westpac warns of rates pressure
CBA tightens screws on lending
What other recent examples of credit easing or tightening have you seen?