What the *heck* is going on with interest rates at the moment?

Oh my, what a mess! I’m hearing so many complaints that interest rates are going up outside of RBA movements, and you’re right. They are. In certain circumstances. In defence of the seemingly indefensible, its part of government measures to curb property price growth, and it’s a multi part puzzle that is particularly hard on the big 4 lenders. In essence, APRA (government regulators) are forcing a few things: Cut investment lending– most of the big guys are being given a target of not more than X% of investment lending in their total lending book; too close to the limit and they have shut their doors (as seen by AMP last year) or dramatically increased the pricing to stop business coming in

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