BORROWERS TO FEEL THE HEAT AS RBA RAISES RATES AGAIN, BUT NEW CUSTOMERS GET CHEAPER DEALS

As the Reserve Bank raises interest rates for the fourth time in four months, home loan borrowers are bracing for more repayment pain. The official interest rate is now at its highest level in six years, at 1.85 per cent, up from a record low of 0.1 per cent at the start of May. Some [...]