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SMH: When official interest rates rise, how much will your mortgage payments go up?
30 November 2021
Clancy Yeates at the SMH: The potential for higher interest rates is one of the hottest topics in financial markets.
Ultra-cheap debt has inflated the prices of assets from houses to shares, so any sign that borrowing money might become more expensive earlier than expected is big news.
It is also worth asking: just how big an increase in interest rates are we talking about? And how much of a rate hike could high-debt households absorb before it starts to do significant damage?
“When rates do rise, there are convincing reasons to think the increases will be fairly modest, and borrowing money will remain historically cheap.”
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