Mortgage rate hikes pressure income

Mortgage rate hikes pressure income 14/06/2017 Michael Roddan – The Australian          Constant interest rate increases made by the banks to shift borrowers from interest-only loans to principal-and-Interest mortgages are squeezing incomes at a time of record-low wage growth and exploding household debt. Since mid-2015, Australian lenders have pushed through seven rounds … Continue reading Mortgage rate hikes pressure income