Mortgage News

SMH has reported over the outlook that Lenders are hoping for early election polls, as the pressure of funding costs continues to bear down on them. Though within this period their unwillingness to raise the interest rates is causing the squeeze. Back in the 2007 election, the majors waited for a two month period before making out of cycle rate changes, even in light of their own funding and return requirements.

Simon Reibelt from Oasis Home Loans Northern Beaches said that banks had overall become more sensitive to political pressures when it was time to reassess mortgage rates and their pricing.