Cash rate surges past 4 per cent as RBA hikes again
www.abc.net.au
Interest rates climb above 4 per cent for the first time in more than 11 years, as the Reserve Bank moves aggressively to clamp down on inflation.

Who else is having their mortgage fecked by interest rates at the moment.

  •  argv_minus_one   ( @argv_minus_one@beehaw.org ) 
    1•11 months ago

    Adjustable-rate mortgages are a horrible idea. This is why. The US learned that lesson the hard way in 2008.

    It’s shameful that the world’s governments do so little to keep their hard-working citizens from losing their livelihoods. In a perfect world, adjustable-rate mortgages would be illegal.