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'Like they don't care': RBA's fifth rate hike a huge blow to mortgage borrowers

The Reserve Bank's fifth interest rate hike this year will mean mortgage borrowers already under financial pressure will need to find extra savings each month to meet repayments. It is particularly tough for those out of work or dealing with large mortgages.

First reported by ABC Australia 1 source
Image: ABC Australia
Image: ABC Australia
Read at ABC Australia(opens in a new tab)

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  1. ABC Australia

    'Like they don't care': RBA's fifth rate hike a huge blow to mortgage borrowers (opens ABC Australia in a new tab)

    The Reserve Bank's fifth interest rate hike this year will mean mortgage borrowers already under financial pressure will need to find extra savings each month to meet repayments. It is particularly tough for those out of work or dealing with large mortgages.