Mortgage News

Pressure on interest rates

Friday 22nd of February 2013

Wholesale interest rate swap yields have been rising since the beginning of the year, putting pressure on banks to raise their interest rates.

The most notable wholesale rises have been in the middle of the swap curve, for terms between three and seven years.

Westpac chief economist Dominick Stephens said that for a while that rise had been tempered by a drop in the margin banks h...

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