RBA to gradually increase rates to avoid mortgage shock, top economists predict - Sydney Morning Herald
2/27/2022 12:00:00 AM3 years 2 months ago
by Shane Wright, Jennifer Duke
by Shane Wright, Jennifer Duke
An increase in household debt through the COVID-19 recession will weigh heavily on any decision taken by Reserve Bank.
Higher housing debt-to-income ratios than in the past has made the housing market more sensitive to rising interest rates, he said. And a significant number of fixed mortgage rate loans expiring in … [+2545 chars]
full article...