
the podcast on
Questions over why our largest bank has hiked its floating home loan rate.
ANZ's lifted its rate 10 basis points to 5.79%.
It says the move, which brings ANZ in line with most other banks, reflects changing global and local conditions.
But Squirrel Mortgage Brokers Chief Executive David Cunningham told Mike Hosking it's raising interest rates because it can.
He says its floating rate is much higher than its one-year fixed rate.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
