Mortgage Rates: Forex markets switch from RBA interest rate to Melbourne Cup as a safer bet.

Rick Adlam — Thu, 01 Mar 2012 21:24:31 +0000

So now the Reserve Bank only has to sit on its hands a wait till things change, and maybe the big Banks will make good on their talk and raise their customers mortgage rates without the cover of an official rate rise.

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Mortgage Rates: expect a mortgage rate rise without the RBA

Rick Adlam — Tue, 28 Feb 2012 21:22:18 +0000

The major banks will have to raise mortgage interest rates, without the Reserve Bank moving rates sooner or later, and the RBA knows this. The RBA can now sit back and watch the major banks squirm, knowing they're under pressure to raise rates. This tension will create more uncertainty of a rate rise in November and by then the banks will have to move on mortgage rates even if the RBA sits on its hands. Result? The RBA can leave interest rates as is because the major banks will do its job for them.That is, if cooling the housing marking further is one of its aims.

Post from: Home Loan News & Views

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Mortgage Rates: Forex markets switch from RBA interest rate to Melbourne Cup as a safer bet.

Mortgage Rates: expect a mortgage rate rise without the RBA