Today the Commonwealth Bank of Australia (CBA) increased its home loan variable interest rate by 0.1% to 5.74% even though the official cash interest rates have been falling and we are in the middle of an economic downturn and global financial crisis (also popularly known as the GFC).
It’s interesting to note that the ‘big’ banks [...]

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The ‘credit crunch’ has now lasted for nearly year and is starting to have a fairly noticeable impact on consumers and borrowers.
The inability of many non-bank lenders to obtain funding for their loans means that there are now few competitors to the traditional banks (Wizard has been reported to be up for sale and RAMS [...]

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