Big changes taking place
There’s so much taking place in the home loan lending market at the moment.
Despite all the doom and gloom of higher interest rates that are forecast for the next few years, there are many lenders still revising their Fixed Rates down with ING and Homeloans being just two of the latest ones.
As well as this, we are seeing many lenders relaxing their lending criteria and heading back towards the conditions that existed prior to the GFC. We’re still a long way off the conditions that existed at that time but the relaxation continues with some changes starting to even flow through in the low doc market.
The next few months will be interesting.
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