CBA recently bumped up its quarterly Line of Credit reference rate by a hefty 50 basis points.
Intermediaries were notified of the increase late last month in a communication explaining that ‘these interest rate changes reflect recent movements in wholesale market rates’.
Mortgage Business contacted a CBA spokesperson to clarify whether the bank had been directly impacted by rising funding costs but they were unavailable for comment.
Intermediaries were notified of the increase late last month in a communication explaining that ‘these interest rate changes reflect recent movements in wholesale market rates’.
Mortgage Business contacted a CBA spokesperson to clarify whether the bank had been directly impacted by rising funding costs but they were unavailable for comment.
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