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Finance & Markets

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.

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US stocks rise as oil, yields ease

US stock indexes ended mostly higher as oil prices and US Treasury yields eased on Tuesday, while French stocks fell as worries about unrest in the country remained.

  • US stocks rise 1% as oil prices fall and yields ease
  • 3M leads Dow Jones with 5.8% increase
  • Fed rate hike probability at 17.2%, down from 22.1%

Oversold KOSPI May Rebound On Wednesday

(RTTNews) - The South Korea stock market on Tuesday halted the two-day winning streak in which it had rallied more than 210 points or 3.6 percent. The KOSPI now sits just above the 5,550-point plateau

More from Tuesday 20 October →