You’re right there are lots of “prisoner mortgages” that won’t be able to meet the serviceability criteria for a refinance. The positive impact to HLI of record refi activity is not from new business but from coming off risk (cancellation) on loans written in preceding years, accelerating the recognition of that premium. We should learn this month how the new AASB 17 will treat cancellations. It’s still free money, but delayed free money.
You’re right there are lots of “prisoner mortgages” that won’t...
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Last
$3.80 |
Change
0.030(0.80%) |
Mkt cap ! $1.100B | |||
| Open | High | Low | Value | Volume |
| $3.80 | $3.84 | $3.77 | $1.218M | 320.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1254 | $3.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.82 | 106 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| HLI (ASX) Chart |