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‘Kick in the teeth’: Major banks reap staggering profits as mortgage arrears rise

Pelican Press

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‘Kick in the teeth’: Major banks reap staggering profits as mortgage arrears rise

The grinding and mounting cost of mortgage repayments has been ***** bare in recent weeks as key data from the big banks shows arrears are growing.

The number of households behind on mortgage repayments is still not above historic averages, but it is rising and many people believe the full effects of the run of interest rate hikes and the fixed-rate “mortgage cliff” the economy was warned about have not been fully realised.



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#Kick #teeth #Major #banks #reap #staggering #profits #mortgage #arrears #rise

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