Soaring fixed rate hikes may bring pain for borrowers - The Australian Financial Review

With NAB the latest bank to jack up rates on fixed loans, borrowers are flooding back to variable rate mortgages, which will make RBA rate rises more effective.

But the latest ABS data shows fixed rate loans made up 28 per cent of new loan commitments in February, the lowest proportion since April 2020. This number is likely to be even lower in March and Apr… [+3472 chars]

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