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As fixed mortgages end and rates rise, many risk losing their homes | The Business | ABC News

by Editor
July 16, 2023
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As fixed mortgages end and rates rise, many risk losing their homes | The Business | ABC News
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Almost 40 per cent of Australians with mortgages who’ve locked in ultra-low fixed curiosity rates will roll off them as quickly as subsequent yr. If extra individuals default on their dwelling loans, economists warn that would create monetary system instability. Subscribe:
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Tags: abcabc newsapra dataauspolAustraliabankingbanksbusinessbusiness newseconomistseconomyevictionsfinancial counselling australiafinancial counsellorsfixed rateshome loanshomeshousehold debtinterest rateslendersmortgage defaultsmortgage stressmortgagesnassim khademnewsphilip lowepropertyrate hikesrate risesratesrbarecessionrepossessionsreserve bankSally Tindallsteven Hamiltonunemploymentvariable rateswestjustice
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