Is the Rise In Mortgage Rates Weighing On ASX:WBC Performance?
- Submitted by 1 month ago
Maple
Answered 1 month ago
Yes, mortgage rate hikes directly affect Westpac (ASX:WBC) since residential lending makes up a big part of its portfolio. Higher rates can slow new loan growth and increase default risks, which impacts investor sentiment.
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Daniel Brown
Answered 1 month ago
The bigger story could be around the RBA path. If rate hikes pause or reverse, it could shift momentum. For now, WBC and other banks are trading in line with mortgage market dynamics and broader consumer sentiment.
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