2019 lending rate hikes

Discussion in 'Loans & Mortgage Brokers' started by Waterboy, 31st Jan, 2019.

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  1. Waterboy

    Waterboy Well-Known Member

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    Happy new year?

    ING and BOQ are the first big ones to hike in 2019. After the Royal Commission is forgotten by us, short-memoried mortals, do you you think the bigger ones will follow soon?
     
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    ING BOQ and NAB are laggards this time round

    ta

    rolf
     
  3. Waterboy

    Waterboy Well-Known Member

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    havent they done 2x last year?
     
  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    perhaps, but lower rate lenders cant keep their product at sub profit rates for ever, and MUST close the spread to other higher service/cost lenders.

    While there is some argument that lower cost lenders can sustain lower rates for eva, if that was actually true, the mutuals that exist ONLY for their members would have spreads that are significantly larger than now.

    Its like independent fuel retailers...... they can sustain a lower price to the consumer, but as the base price of a barrel of oil increases, they too must stay in step.

    The RC I believe hasnt done a thing to rates .........


    ta
    rolf
     
  5. KittyCat

    KittyCat Well-Known Member

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    My feeling is yes. The big four will pass on increased costs to maintain/increase profits.
     
  6. Noobieboy

    Noobieboy Well-Known Member

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    Brisbane is not Melbourne. If something is “working” in Melbs it’s not necessarily transposable to Brisbane. Redcliffe is not Frankston. It’s not a beach, it’s lower socioeconomic area. Keeping shouting about Melbourne doesn’t mean that Brissy will follow.
     
  7. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    wrong thread perhaps or a cryptic message like some of mine :)

    ta
    rolf
     
    tobe likes this.
  8. Noobieboy

    Noobieboy Well-Known Member

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    Whoops! Posting while half awake is not my strength :D:D