19 days later, ANZ hikes specufestor mortgage rates again

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Precisely 19 days after the last hike, via News:

ONE of the nation’s largest lenders ANZ is clamping down further on interest-only loans and making it tougher for both owner occupiers and investors.

In strict changes to be announced today, the lender has revealed it will crackdown on customers failing to chip into their principal and also hit those with loan-to-value ratios higher than 80 per cent.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.