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The Brains Trust - 2021, page-539

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tanon

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09/03/21

15:16

Post #: 51631578
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Originally posted by tanon: ↑

1-Mar-2021

Martin Whetton, Head Fixed Income and Currency Strategy CBA / Elysse Morgan:

Martin to start with a really basic question, are current mortgage rates pretty much as low as they'll go for borrowers?

It seems like they are, most of the banks have obviously dropped their mortgage rates to lows we have never seen before and part of the level of those is determined by market rates, with the rise in market rates recently, albeit wanting to come back a little today, it does see likely that you won't see any further cuts in mortgage rates from the banks.

When are markets predicting that rates will actually start to rise?

Out in the 2024 part of the curve, roughly just after when the RBA said they're likely to keep rates on hold until, there is a bit of rise in interest rates at that point, and it looks like around one to two basis (correction) one to two hikes are being priced in then.

...there is a trend higher, the lows have been seen and the market will look at any good opportunity, or any good economic outlook to say that gives us reason to push rates a little higher over the longer term...

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And today, banks have selectively dropped rates.

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