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Mortgage rates rising at fastest pace in 15 years

Author
Newstalk ZB,
Publish Date
Thu, 18 Nov 2021, 7:22PM
(Photo / Getty)
(Photo / Getty)

Mortgage rates rising at fastest pace in 15 years

Author
Newstalk ZB,
Publish Date
Thu, 18 Nov 2021, 7:22PM

Home loan interest rates are rising at their fastest pace in 15 years.

Mortgages are already eating up 41 per cent of gross income households - the average is 37 per cent.

The Official Cash Rate is expected to increase next week.

CoreLogic chief economist Kelvin Davidson joined Heather du Plessis-Allan.

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