housing survey, page-3

  1. MrSteve
    239 Posts.
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    08/01/08
    09:17
    Post #: 3219143

    Average mortgage is $250K

    If rates rise 5% in all to just 11% thats $12.5K P.A more on their repayments, or $250 a week - Remeber it was 17.5% last time the rates cycled up in 1990

    people with house hold incomes of $50K - $70K will be screwed over by it forced to sell flooding the market.

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