$7,600 fee sneaking up on homeowners - news.com.au

3/13/2022 12:00:00 AM3 years 11 months ago
by Alex Turner-Cohen

<p>Mortgage holders have been dreading the day the Reserve Bank of Australia hikes up interest rates but they are underestimating how quickly it will rise – once the floodgate opens, an expert has warned. </p>

Once interest rates go up, they will continue to go up very quickly, and mortgage holders will bear the brunt of the pain.Mortgage holders have been dreading the day the Reserve Bank of Australia hik… [+4307 chars]

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$7,600 fee sneaking up on homeowners - news.com.au

<p>Mortgage holders have been dreading the day the Reserve Bank of Australia hikes up interest rates but they are underestimating how quickly it will rise &ndash; once the floodgate opens, an expert has warned. </p>

<p>Mortgage holders have been dreading the day the Reserve Bank of Australia hikes up interest rates but they are underestimating how quickly it will rise – once the floodgate opens, an expert has warned. </p>