No festive season interest rate reprieve for stressed borrowers
Mortgage stress is at an alarming level but the RBA was above such considerations in keeping the interest rate on hold at 4.35 per cent.
Rampant cost of living expenses and continued high interest rates are stretching Christmas budgets. (Image source: Shutterstock.com)
With 40 per cent of borrowers saying they are unprepared for interest rates to remain high in 2025, the Reserve Bank of Australia’s decision to keep interest rates on hold Tuesday (10 December) will cause more stress than surprise.
The RBA held the cash rate at 4.35 per cent at its end of the December board meeting, with rate cuts unlikely to land in pockets until well into the new year.
They certainly won’t come in the next two months, as the …
