Who can increase rates cause they CAN? CommBank CAN

[bubblebobble2]

Love to see 1 of big 4s is doing something about 'tightening up' investor loans...then landlords pass it on to renters... the chain-effect of common life these days...

http://www.smh.com.au/business/bank...r-and-interestonly-loans-20170421-gvpcsl.html

 

[greedy Kobold]

may be they are just ahead of the crowd here is a forecast for RBA's rate, which would influence the cost of capital


interestingly there is no data from Commonwealth, hehe

 

[bubblebobble2]

RBA?! ppppfffttt....!!! who listens to RBA these days? banks surely DON'T!

 

[SilverDJ]

This has been going on for the last 12 months with all the banks involved, nothing new here.
BTW, Interest rate rises are a good thing.

 

[bubblebobble2]

This has been going on for the last 12 months with all the banks involved, nothing new here.
BTW, Interest rate rises are a good thing.

you sound like a shareholder

 

[House]

Spoiler

Surprise rate cut on the way

 

[SilverDJ]

you sound like a shareholder

I don't own shares in any bank.
There is now a whole new generation of investors who:
a) Have never seen property prices drop or even stay flat (heck, some have barely seen single digit yearly rises)
b) Have never seen interest rates go up
c) Think that money is always so easy to get
d) Think that property is a guaranteed way to get rich

These people are real problem and deserve to be taught a lesson. Debt is too cheap with so little consequence. Let it rise I say.

 

[greedy Kobold]

mmm looking at the graph...it is quite volatile



interesting