And here is how they are trying to fix that downgrade..
"Commonwealth Bank has moved to further rebuild its profit margins by cutting the discounts available on new home loan applications.
In a note to mortgage brokerson Monday, the nation’s biggest home lender said it was cutting discounts by 15 basis points on two products — its mortgage advantage packaged owner-occupied and investment home loan applications.
Discounts were also cut by 8 basis points on other products, including the three-year special rate saver loan.
The note blamed increased funding and capital costs on the bank’s home lending portfolio.
http://www.theaustralian.com.au/bus...s/news-story/6255e606ff4e1e757d7878243d46c4f6
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And here is how they are trying to fix that downgrade.....
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