First home buyers are ‘ground zero’ for mortgage stress
Financial markets have priced in a one-in-three chance that the Reserve Bank of Australia (RBA) will increase the cash rate again in November. This would increase the average mortgage interest rate to about 6.75%. Even if the RBA doesn’t hike in November, financial markets have fully priced in another hike later. Almost half of economists surveyed The post First home buyers are ‘ground zero’ for…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
