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1.Market Observations, 8.Was Sticky

20 Oct 2016 (AFR) – Home loan arrears rise to three year high: Moody’s

(20 October 2016, AFR, p37, by Jonathan Shapiro)

‘Mortgage delinquency rates in WA, Tasmania and the NT climb to their highest level since before the GFC, as the end of the mining boom weighs on economic growth, credit rating agency Moody’s says. Moody’s, which tracks the performance of loans packaged into mortgage bonds. said 30-day arrears rose to 1.5 per cent in May from 1.35 per cent a year earlier.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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