Like much of Sydney this morning, my commute was interrupted by the beautiful fog that descended on our city, and it’s allowed me to coin the phrase “the fog of the sharemarket.” This phrase came to me this morning whilst walking to work from the Queen Victoria Building, as the fog was all around me but all I could see was the sharemarket!
That’s right, banking on procrastination is good business, at least for the banks!
Here’s some thoughts courtesy of our good friend and mortgage broking guru Wayne Dive, from Smartline Personal Mortgage Advisers.
The RBA Governor confirmed last week that our banks are now able to raise funds at far “more favourable” rates. These savings should see our banks passing on interest rate cuts in the near future.