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https://www.smh.com.au/business/the-economy/living-in-mortgage-hell-tens-of-thousands-of-borrowers-on-the-brink-20230130-p5cgdm.html
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‘Living in mortgage hell’: tens of thousands of borrowers on the brink - Sydney Morning Herald
1/30/23 at 6:00pm
Organization
The Sydney Morning Herald
Author
Jessica Irvine
Details
45 words
Summarize
Loans
Business & Industrial
mortgage hell
rates cycle
percentage point rule
Sydney Morning Herald
Anyone who borrowed at the bottom of the rates cycle and was stress-tested under the old 2.5 percentage point rule is already underwater. The RBA must tread carefully.
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