mortgage debt

Homeowners Sigh Breath of Relief as Interest Rate Rises Halt

Homeowners Australia wide have sighed a breath of relief this month, as the Reserve Bank did not raise interest rates. There has been an ongoing climb in interest rates, with 12 steady rate hikes since 2002. This month signals the first time the RBA has remained static in 6 years.

As Icap senior economist Matthew Johnson […]

By |May 12th, 2011|Categories: Interest Rates|Tags: , , |Comments Off on Homeowners Sigh Breath of Relief as Interest Rate Rises Halt

Desperate Mortgage Stress Fuelled by Rate Hikes

Australian home owners are falling into increasing despair as interest rates continue to rise. Mortgage stress is hitting hardest even in what are deemed the more affordable parts of state areas.
As home owners struggle under the climbing mortgage repayments nation wide, more and more Australians are falling into debt. New figures released by debt collector […]

By |May 12th, 2011|Categories: Refinance and Refinancing|Tags: , |Comments Off on Desperate Mortgage Stress Fuelled by Rate Hikes