Thursday, October 7, 2010

Australia Holds Rates Steady

Everyone in Australia is celebrating the stay of execution on higher interest rates. Everything is going to be great again!

Aussie Construction will bounce back
Australian homeowners are now paying $446 more on home loans compared to a year ago, Mr. Airey said.

Oh dear, another country of entirely adjustable rate mortgages. I know, Americans are wimps, but we have easy total cost of ownership calculations. What can I say. I hear that ratcheting of the roller coaster as it tops the big hill . . .

Fitch is going to stress test the Aussie banks. I'll be on the lookout for the results of that.

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