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Daily Commentary for 2 Feb 2010

The process of regulating the financial advice sector has taken another scalp. Ross Butler has resigned from the boards of MortgageLink and Triplejump to protect the integrity of the process.

Butler is also the chairman of the Code Committee which is establishing the rules around regulation. You can read more about his resignation here in our Broker News section.

Meanwhile there were no rate changes Monday and we will have a round up of what the economists are thinking later today (Tuesday).

 
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Latest Trends
Flattening yield curve

The above graph shows the journey in which the home loan interest rates have taken over the past couple of years compared with the five-year median.

With the considerable cuts to long-term fixed rates this month and the increases we saw to floating rates in June this year, the yield curve is starting to show signs of flattening out.

 

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Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.

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