interest rate up highest in 11 years, page-8

Whats the big deal about interest rates?

I mean if a rise of $12/13 p/week on a standard 300k loan is enough to push some over the edge then they have no-one but themselves to blame.

They should have known this was likely to happen and shouldn't have had so-much debt.

Its a funny world.A lot complain about the price of petrol and then they buy 2 litres of water from the servo. but don't complain.Same goes for coke.Its dearer than petrol.

If the interest rate rise has cost you your home then you had too-much debt to service and that's no-one's fault but the homeowners problem.

I know the elderly will be happier today with the interest rate rise.Their superannuation has just got a boost with the cash rate increasing.