PHOTO: If you have a mortgage with one of the big-four banks, higher rates could be on the way. Photo: Greg Briggs
If you have a mortgage with one of the big-four banks, higher rates could be on the way, according to the experts.
And if you are with a smaller bank, a letter along those lines is probably already in the mail.
While mid-sized banks have been stepping up their assault on the big-four’s mortgage market dominance – and doing a pretty good job of taking market share – those smaller lenders are having to hike rates as a complex funding mechanism goes awry.
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