Friday,
17 May 2024
Mortgage pain stretches further

WANGARATTA mortgage holders have been hit with yet another 0.25 per cent interest rate hike following the Reserve Bank's cash rate increase to 4.35 per cent on Tuesday.

The average variable rate home loan with the big four banks is 7.21 per cent, making it even harder for lenders to keep up with expenses.

Hume Bank CEO, Stephen Capello said he wasn’t surprised by the increase, with the majority o...

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