What’s the big difference with American and Australian mortgages?
What’s the big difference with American and Australian mortgages?
(Reuters: Rick Wilking)
From panic at Credit Suisse, to the collapse of Silicon Valley Bank, the international banking system has this week been on edge.
But next week focus will turn to the US Federal Reserve’s efforts to drive down inflation, through its primary lever: interest rates.
And while in Australia that tool has blunt but swift effects on mortgage borrowers, its a different story in the United States.
Guest: Michael Highfield, Finance Professor at Mississippi State University
Producer: Luke Siddham Dundon
