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Forecasted rate rises would have ‘horrendous’ impact on mortgage market

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Yellow Brick Road Home Loans Executive Chairman Mark Bouris says ANZ’s predicted interest rate rises would have a “horrendous” impact on the mortgage market.

ANZ is forecasting rates will rise by half a per cent every month until Christmas – bringing the cash rate to 3.35 per cent by the end of the year.

“So much so that probably sometime next year, if that’s exactly what happens, we’re going to have to start bringing interest rates back,” Mr Bouris told Sy News Australia.

 

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People were fooled with the lowest interest rates in history. Now they are going up to a fair rate

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