ING are offering 3.99% variable at the moment. Against the backdrop of the big 4 being around 4.30-4.35% after max 130bps discounts and their recent rate rises, it looks like a fairly attractive offer. What are peoples thoughts on the limitations of ING versus the majors for a PPOR loan? Are ING's features lacking in any major way? From what I can read, they're fairly comparable. Do you think they're likely to increase their rates outside of the cycle too, or will their desire to increase market share and lower ROE hurdles mean they continue at this level? I think they'll probably increase sooner or later, but interested in views.