Tags: Banking competition

Lenders say they are doing it tough. Demand for new loans has dried up, we’ve had all the recent problems with the cost of funding, and there were reports recently showing that people are repaying their loans faster than ever. All this points to tough times for home lenders, and the point has even been…

I will if you will:  unhealthy signs in the home loan market

Thank you Graeme Samuel. This past weekend, the ACCC chair was quoted as saying that the big banks’ action “borders on… misconduct” in the way they have been signalling their intention to increase interest rates. This is something that’s been bothering me for some time as well, and if I’d been a faster typist last…

Rate of Origin

State against State. Mate against Mate. It’s a line that epitomises rugby league’s annual showcase of interstate rivalry, underscoring the passion and pride on display between the NSW cockroaches and the cane toads from Queensland. With rugby league’s annual State of Origin series now decided, it’s time to bring back the financial biff and pit…

Is competition back in fashion?

Since the last time the Reserve Bank cut its interest rates back in April 2009, the home loan market has seen a predictable and steady shift upward in rates, save for the odd excessive rate hike. In what is one of the more dramatic and interesting days in recent memory, both CUA and AMP have…