Stressed mortgage holders are rushing to refinance
Four interest rate hikes this year have placed Australians under severe mortgage stress. Roy Morgan’s mortgage stress survey suggests the risk of mortgage stress nationally is at its highest level since early 2008, when the cash rate was above 7%. The percentage of household income spent on mortgage payments is also tracking at its highest The post Stressed mortgage holders are rushing to…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.