Interest rates are going up. Here are some tips to help you manage your mortgage - ABC News


6/7/2022 12:00:00 AM2 years 10 months ago
by Emily Stewart

The official interest rate has gone up again, this time by half a percentage point. It could mean an extra $1,600 in payments per year on a $500,000 loan. Here are some tips to help manage your mortgage.

The official interest rate has gone up again, this time by half a per cent. On a $500,000 loan, that's an extra $1,600 in payments per year, if the banks pass the rate hike on in full. If you're al… [+4228 chars]

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