That does not paint a pretty picture, if accurate.
A lot of people in trouble at current interest rate levels!
Imagine if interest went back to the level of "the recession we had to have". Like 17-21%
It is ok though, as the eggspurts say it can never happen. If rates go to 9% it would be all over for 80% of the current mortgage punters.
What interest rates rises will do, page-2
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