Mortgage stress surges with worse to come
Roy Morgan’s latest mortgage stress survey shows that 32.3% of mortgage households were at risk of mortgage stress in August, with 22.7% extremely at risk: Mortgage stress was tracking at its highest levels since the peak of the Global Financial Crisis (GFC) in mid-2008, when the official cash rate hit 7%. The Reserve Bank of The post Mortgage stress surges with worse to come appeared first on…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
