RAMS share price plummeted today ....
http://www.smh.com.au/news/business/...857643671.htmlAustralian mortgage lender RAMS Home Loans Group said on Thursday it had to extend the refinancing period for $6.17 billion in maturing notes which it was unable to refinance them.
So it appears to me that the credit crunch is well and truly embroiling our market.
RAMS has hundreds of thousands of customers who will now be forced to pay higher Interest rates regardless of the "offical" rate according to some commentators.
Rams listed only a few weks ago at 2.50 now about .80 ----
This is surely going to show in House prices in coming months and years ?