Pete Wargent blogspot


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Friday, 20 March 2020

Payment holidays

Payment holidays

It's hard to keep up with all the news, but ANZ lopped 15 basis points off variable mortgage rates today and the major banks will all offer six month payment holidays on home loans for customers in stress. 

Small businesses will also be offered funding or loan deferral arrangements.

It's been a tumultuous week to say the least.

The ASX lost lost more than 13 per cent of its value across another dismal week.

It's been the worst week for Aussie stocks since October 2008. 

Glad to get to the weekend...stay safe!