It has implied one to lenders are reducing the ratios interesting-only loans plus expanding interest rates for new and existing appeal-only consumers. That is just like the a result of APRA’s information to reduce most of the interest simply financing to help you inside 29% of all the latest loan applications gotten of the loan providers. Because we composed previously, this got got to more forty% of all the latest programs therefore the bodies have had their questions because of the industry requirements.
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