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Mortgage interest payments rising rapidly

Tuesday 2nd of May 2023
It is the highest since collection of the data began in 2014.
In the March quarter last year just $2.47 billion was charged in interest, the latest Reserve Bank residential loan reconciliation figures show.
This was at a time when many mortgage borrowers were paying interest on their loans of between 2-3%. A year later, and with 12 consecutive hikes to the official cash rate (OC...
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