Another rate increase just landed and here’s what it actually means for the average borrower. If you’ve got a mortgage, your repayments are likely going up again. On a typical $600,000 loan, even a small rate rise can mean an extra few hundred dollars a month coming out of your cash flow. For some people it’s uncomfortable but manageable. For others it’s the point where budgets start getting tight and savings slow right down. This is where having the right loan structure matters more than ever.
0:07
Another rate increase just landed and here’s what it actually means for the average borrower. If you’ve got a mortgage, your repayments are likely going up again. On a typical $600,000 loan, even a small rate rise can mean an extra few hundred dollars a month coming out of your cash flow. For some people it’s uncomfortable but manageable. For others it’s the point where budgets start getting tight and savings slow right down. This is where having the right loan structure matters more than ever.
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