Soaring rates leave home owners feeling the pinch

IN an anxious move for mortgage holders, the Reserve Bank of Australia voted to increase its official interest rate by 25 basis points to 4.1 per cent. The decision marks the 12th increase to the cash rate in just more than a year and leaves...

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Soaring rates leave home owners feeling the pinch
RISING RATES... Wallaroo-based mortgage broker Sharon Harvy says existing borrowers and those hoping to secure finance are feeling the pressures associated with rising interest rates.

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