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Tim Lawless - Head of Research at CoreLogic Breaks down the Interest Rate Announcement

Scouting Australia Podcast

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Analysis of the Impact of Ending Fixed Rate Mortgages on Borrowers

The chapter delves into the consequences of fixed rate mortgages expiring in the next six to 12 months, projecting a considerable increase in interest rates for borrowers who had locked in rates as low as 1.99% four years ago. It discusses the potential financial challenges some borrowers may face in adapting to the impending higher rates and reflects on the responsible borrowing behavior observed among Australians amid this shifting mortgage landscape.

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