AustralasiaBusinessEconomyFinance

Banks to feel slowing housing market

Banks’ vast home loan businesses are tipped to face less buoyant conditions this year as mortgage growth slows and the number of customers falling behind on home loans edges up from record lows.

Credit ratings agency Moody’s on Thursday forecast mortgage arrears would rise from current low levels over 2016 because of the slowing housing market and a sub-par economy and the…

Source: Banks to feel slowing housing market

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