Complacent mortgage holders stung by higher rates

Rapid interest rate rises have spurred a refinancing boom but many borrowers are still paying the price for their complacency.  Almost a quarter of all borrowers are paying 6.5 per cent or more on their variable rate loans, based on Canstar modelling, which is 1.81 per cent higher than the cheapest loan rate. For these […]

This post was originally published on Michael West.