CBA rates coming down

Discussion in 'Loans & Mortgage Brokers' started by Paterson00, 5th Jan, 2024.

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  1. Brady

    Brady Well-Known Member

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    CBA tried that with advertised tiered pricing and the competition just ate it up and targeted it.
     
    Brady, 16th Apr, 2024
    #21
  2. Redom

    Redom Mortgage Broker Business Plus Member

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    Microeconomics 101 tells businesses not to do that.

    Producer surplus = higher when charging individual customised rates.

    hence all of the big banks don’t do it. Definitely not once the backbook is considered.

    Ie it helps banks profit!

    100% agree though, transparent pricing would be nice.
     
    Redom, 16th Apr, 2024
    #22
    Brady likes this.
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Rolf Latham, 16th Apr, 2024
    #23
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