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Interest rate nightmare looms for 100,000 WA families as low-interest fixed-rates wear off

Pelican Press

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Interest rate nightmare looms for 100,000 WA families as low-interest fixed-rates wear off

More than 100,000 WA households are set to come off low-interest fixed-rate home loans in the next year, with one major ******** agency warning of an “impending interest rate cliff”.

Mortgage comparison site Finder reports, with figures gleaned from its recent Australia-wide survey, 31 per cent of WA mortgage holders were due to come off a fixed-rate home loan rate in the next 12 months, equating to about 102,000 households.

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#Interest #rate #nightmare #looms #families #lowinterest #fixedrates #wear

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