Terry McCrann reaches for new lows today:
You gotta love APRA’s classic regulatory — “it’s actually up to each bank what margin it decides, except that it must be at least that 2.5 per cent”.
…if loan rates fall to 4 per cent in the next couple of months (thank you RBA), then the next borrower gets to be able to borrow if they can service 6.5 per cent.