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Loan Modification

: Mortgage Lender Implode-o-Meter

Australia Banks Should Raise Mortgage Rates This Year, UBS' Boubouras Says

By Implode-Explode Heavy Industries

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"Banks needs to increase rates on mortgages beyond the central bank?s pace to maintain margin expansion, said Boubouras. The Reserve Bank of Australia is forecast to keep its benchmark interest rate at 4.5 percent for a fourth month today, according to all 25 economists in a Bloomberg News survey."

Full post as published by Mortgage Lender Implode-o-Meter on September 07, 2010 (boomark / email).

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