RBA rings alarm on high debt levels
Risks to financial stability could be building as house prices and debt levels keep rising, the Reserve Bank has caution...
AMP has cut 13 basis points from its Basic Variable Home Loan, taking it to 6.64 per cent.
AMP Banking head of sales and marketing Steve Craig said there was an increasing demand for home loans that combined variable and fixed rate loans.
“There are a growing number of customers that want peace of mind against rising interest rates,” he said.