Lender

A bridging loan specialist expects to see borrowers shopping around as the cash rate rises, with non-banks tipped to benefit.

Owner-occupiers carried Westpac's mortgage book growth over the six months to March, while the investor segment continued to fall. 

The big four’s squeezed margins could benefit from a rising cash rate, but analysts have tipped it will be countered by fierce competition and increased impairments.

Macquarie grew its home loan book by 34 per cent in the past year, but its chief has retained a cautious outlook amid ongoing uncertainty.

The big four bank’s chief has said the group is bracing for a rise in refinances, as home loan rates have begun to climb.

The non-major bank has reported, albeit marginal, growth in loans over the first quarter of the calendar year.

The majority of ANZ borrowers will be able to manage a rising interest rate environment, the chief executive of the major bank has said while announcing the group’s half-year results.

The bond provider has promoted Niraj Singh to lead the group’s business development team.

Borrowers at the big four banks will see variable rates rise by 25 basis points, as the majors pass on the RBA’s full rate hike.

The ASX-listed non-major bank revealed the “second highest” number of residential loan applications since its offering, in the third quarter of financial year 2022.