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1.Market Observations, 8.Was Sticky

15 June 2017 (AFR) – Macquarie goes ‘mystery shopping’ for mortgages – Major banks cut loan values for first-home buyers by up to 26pc

(15 June 2017, AFR, p19, by James Eyers)

‘A mortgage “mystery shopping” exercise by Macquarie has found banks are offering first-time home buyers in Sydney substantially lower loan amounts after tightening living expense assumptions and applying more conservative interest rate buffers. Members of analyst Victor German’s team at Macquarie posed as potential bank customers at…’

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

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