Mortgage borrowers facing $500 monthly hike ahead of RBA's interest rate decision

  • 📰 9NewsAUS
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The Reserve Bank is expected to make history this morning, handing down a fourth consecutive interest rate rise. Fi_Willan 9News MORE:

will decide the nation's cash rate target at 2:30pm tomorrow, where it is widely expected to lift rates by 50 basis points.

The market is anticipating that the RBA will continue hiking interest rates until they hit 3 per cent, or until inflation is tamed – whichever comes first.Property prices are plummeting as borrowers are forced to fork out more on their monthly repayments. "Finding an extra $500 a month to cover the mortgage will be a struggle for many families who are already juggling rising grocery and petrol costs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Fi_Willan This historic rate rise announcement was reported on at 6am Do you think that's the best time to inform most people? Then you've got Fi Willan.. No mention at all of the cause of this economic mess (fiat currency based fractional reserve banking) They want you you misinformed

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mortgage borrowers facing $500 monthly hike ahead of RBA's interest rate decisionThe average Aussie mortgage borrower is facing an extra $500 a month hike on their repayments compared to May if interest rates are hiked tomorrow. 9News
Source: 9NewsSyd - 🏆 23. / 51 Read more »

Mortgage borrowers facing $500 monthly hike ahead of RBA's interest rate decisionThe average Aussie mortgage borrower is facing an extra $500 a month hike on their repayments compared to May if interest rates are hiked tomorrow. 9News
Source: 9NewsSyd - 🏆 23. / 51 Read more »

RBA rate rises tipped to slow bank mortgage growthAs interest rates climb, analysts predict the big banks will face slower growth in their lucrative mortgage portfolios | clancyyeates clancyyeates Nothing risky about banks lending on the safest asset class. We need banks lending where our economy needs growth, in new industries. Move houses off bank balance sheets to free capital for growth sectors. auspol
Source: smh - 🏆 6. / 80 Read more »