Mortgage News

Mortgage pain coming

Thursday 12th of December 2013

While the Reserve Bank left its official cash rate unchanged today it has made it clear they will start rising next year.

Reserve Bank governor Graeme Wheeler said today that he expects the official cash rate to rise 2.25% over the next nine quarters.

When interest rates start rising people will feel them.

Wheeler says that 75% of mortgages are either on floating rates or f...

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