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NAB raises interest rates

NAB hikes IO rates by 35 basis points – The Adviser https://www.theadviser.com.au/breaking-news/36377-nab-hikes-io-rates-by-35-basis-points?utm_source=theadviser&utm_medium=email&utm_content=newsflash20_06_2017 A major Australian bank has announced today a rate hike of 0.35 per cent on interest-only loans. Effective 30 June, owner-occupier interest-only loans with NAB will jump to

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Westpac raises interest rates

Source: https://www.theadviser.com.au/breaking-news/36362-westpac-hikes-rates-by-34-points?utm_source=theadviser&utm_medium=email&utm_content=newsflash20_06_2017   Westpac today announced that owner-occupied interest-only rates will increase by 34 basis points to 5.83 per cent and investor interest-only rates will increase by 34 basis points to 6.30 per cent. The group also announced an 8-basis-points reduction

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Westpac and CBA have changed their appetite for broker-originated loans in a move that could curb the growth of the third-party channel, according to a market analyst.

  Digital Finance Analytics (DFA) principal Martin North believes underperforming branch networks and regulatory pressure to curb investor and interest-only lending has led CBA and Westpac to rethink their broker strategies. “Two or three months ago, CBA said they were

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