financial regulators have warned more and more homeowners are falling behind on their mortgage repayments on the same day ANZ said relief is even further away than hoped.cut until next year, forecasting the RBA won't lower the cash rate until next February thanks to higher-than-expected inflation data in the last two months.
The council, which is made up of the Reserve Bank, Federal Treasury, ASIC and APRA, said that while most borrowers are still making their payments, the number who aren't is rising."While budget pressures from inflation and interest rates continue to be widely felt, with many households making adjustments to their finances, most borrowers have continued to meet their debt repayments," CFR said in a statement following its latest quarterly meeting.
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Source: 9NewsAUS - 🏆 10. / 72 Read more »