A segment from The Business last night which discussed the rising mortgage rate environment.
The big four banks and many of their smaller competitors have raised interest rates in step with each other but out of step with the Reserve Bank. Investors will experience the biggest rises, as banks seemingly heed the warning of regulators to cool the heated property market.
They referred the to Trump effect on funding costs, the differential repricing of investment loans, and suggested that more rises are due, irrespective of what the RBA might do.
