Australian Property

Out-of-cycle rate rises hitting 40% of mortgage borrowers

Leith van Onselen
Monday, 23 April 2018
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By Leith van Onselen

Effective interests rates for more than 40% of Australian mortgage borrowers have risen over the past 20 months, according to comparison website Mozo. From The AFR:

The borrowers are paying rates above 4 per cent despite benchmark principal and interest rates being under 3.7 per cent, its analysis show…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.