Australia’s soaring interest rates have trapped ‘mortgage prisoners’ into crushing repayments
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.
Continue reading...from World news | The Guardian https://ift.tt/huIFGHT