RBA rate rises hit home
January 12th, 2010 by admin
CHRIS ZAPPONE
Update Australians took out fewer home loans than expected in November as the Reserve Bank’s interest rate rises took effect.
Total home loans slumped 5.6 per cent, seasonally adjusted, to 59,516, worse than the 0.5 per cent fall economists had been expecting. The result for the previous month, October, was also revised lower to a [...]