Morning, everyone. The harsh reality of this week’s latest interest rate rise is that thousands of Australians are facing ever-higher monthly repayments. And many who managed to secure fixed-rate terms are about to roll over to much higher variable deals. We speak to a family peering anxiously over the “mortgage cliff” and we report on the rising the risk of a recession.
policy of aligning with the US and UK against China in the Pacific, hours before he went public with his concerns, an FOI request reveals.
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Australians bracing for interest rate rise as mortgage arrears spikeSome economists are tipping the RBA will today decide to lift interest rates again as new data shows the number of Aussies falling behind on their mortgages is at a two-year high. 9News
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RBA lifts interest rates to 11-year high of 4.1 per centThe Reserve Bank has inflicted more pain on the nation’s army of mortgage holders, lifting interest rates to an 11-year high of 4.1 per cent. Use our mortgage repayment calculator below to see what Tuesday’s increase of 25 points (the left toggle button) means for your repayments.
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RBA delivers shock rate hike as mortgage costs spiralThe Reserve Bank of Australia has delivered a shock 12th rate hike since May last year, deciding to lift interest rates in a bid to tackle persistently high inflation.
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Revealed: Top 10 suburbs with highest mortgage arrears in AustraliaMortgage arrears are slowly climbing across the country as borrowers continue to be hit with consecutive interest rate rises on top of skyrocketing cost of living pressures.
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