Business
3 dirt cheap ASX shares for easier credit – Motley Fool Australia
While attention was on the banks on Friday, three other mortgage ASX shares saw dramatic share price growth, while remaining cheap
Three ASX shares stood out to me after Friday’s mini rally in mortgage-related companies. The market was clearly excited by the prospect of easing responsible lending laws. Banks led the charge with the Westpac Banking Corp(ASX: WBC) share price rocketing up by 7.39%. However, I see banks as a problematic area to invest in. The regulator, Australian Prudential Regulation Authority (APRA), has already limited what they can pay in dividends. In addition, banks are still feeling the impacts of loan…
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