Australia’s soaring interest rates have trapped ‘mortgage prisoners’ into crushing repayments
by Jonathan Barrett Senior business reporter from World news | The Guardian on (#6AD7G)
A growing cohort of pandemic-era homebuyers are also unable to refinance because they no longer meet lenders' standards
A growing number of Australian have become mortgage prisoners" - trapped by crippling mortgages they are unable to renegotiate.
This growing cohort of pandemic-era homebuyers are unable to refinance because they no longer meet lenders' standards after recent rate increases.
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