'Mortgage rates are crippling' - how interest rates rises are impacting homeowners
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Mortgage holders are set to be hit with the highest interest rate levels since the global financial crisis almost 18 years ago. The Reserve Bank has announced a hike of 25 basis points from 4.6 per cent to 4.85 per cent, the highest level since November 2008. It’s the fifth rate rise in 2026 as the RBA tried to bring inflation down from above 4 per cent and into the target range of 2-3 per cent. Watch 7NEWS at 6pm for full coverage of today's announcement and what it means for your household. #i
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Mortgage holders are set to be hit with the highest interest rate levels since the global financial crisis almost 18 years ago. The Reserve Bank has announced a hike of 25 basis points from 4.6 per cent to 4.85 per cent, the highest level since November 2008. It’s the fifth rate rise in 2026 as the RBA tried to bring inflation down from above 4 per cent and into the target range of 2-3 per cent. Watch 7NEWS at 6pm for full coverage of today's announcement and what it means for your household. #i
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The increase will push up the cost of borrowing money for things such as mortgages and credit cards but can offer a boost to savers. #InterestRates #BankOfEngland #Mortgage #Money #BBCNews
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The increase will push up the cost of borrowing money for things such as mortgages and credit cards but can offer a boost to savers. #InterestRates #BankOfEngland #Mortgage #Money #BBCNews
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am i back to viewing houses at the worst time of year🫣🤣 im still so desperate to find my forever home, the market has been so slow! but i always told myself i will stay in budget and not pay more than i think a house is worth😅 do i book a viewing? do i need to ask questions about how long its been on the market? what would i even ask? 💗 #firstimebuyer #buyingahome #councilhouse #mortgage #singlemum
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