Article #976495556
Monday, August 31st 2009, 7:27AM
It's a quiet start to the week with no interest rate changes to report. Indeed the past week has been quiet both on rate changes and in the wholesale markets where there has been little movement in rates.
The one change to the full table is that we have a new set of rates for No 8 Mortgages. The rates quoted are for what it calls its "Asset Rich" product. This is a No-Doc product, rather than a prime one.
Today we report on Westpac's June quarter results. The key points, aside from the actual result, are that its market share in home lending slipped and the value of loans with an LVR above 80% has actually fallen. Full story here
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