The banks are in denial imo just like those investors unaware what interest they are paying. Lets hope the gov doesn't bail out those who get into trouble when the bubble bursts.
85% of borrowers don’t know their mortgage rate
https://mozo.com.au/home-loans/arti...5-of-borrowers-don-t-know-their-mortgage-rate
85% couldn’t recall their home loan rate, more than half of those quizzed admitted they felt stressed about their personal finances. Another cause for concern, is the Index’s finding that around a third of Aussies constantly worry about the future.
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The banks are in denial imo just like those investors unaware...
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