With rates so low , in some instances 2%, if the bank lending rate went to even 4% that would double the repayment??? How would that effect peoples ability to repay their loans??
Is it being set up to pull the rug from borrowers and have a massive default situation like 2008 GFC? What about 6% loans... not just home buyers what about government loans???
The future is scary
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- If the RBA cash rate went to 3% over the next few years say 2024 how will it affect homebuyers
If the RBA cash rate went to 3% over the next few years say 2024 how will it affect homebuyers
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