What global conflict could mean for your mortgage repayments
Global tensions could push inflation higher and keep pressure on interest rates, meaning many Australian households may face larger mortgage repayments if borrowing costs rise again.
Higher fuel costs are hitting the household budget directly, and might also indirectly do so again in the form of higher interest rates as inflation takes off. (Image source: Mangkorn Danggura/Shutterstock.com)
Will my mortgage be affected and how much will I be out of pocket? That’s what most Aussies are quietly thinking as global unrest and conflict dominate the headlines.
Some people follow and are up to date over every economic update and political development, but many are simply aware that “something big is happening” without fully understanding what it actually means for their household budget.
And honestly, who can blame them?
With everything…
