RateCity study shows borrowers with a $400K mortgage saw monthly repayments fluctuate by up to $957 during past 4 years. Benchmark basic variable rate has swung by 3.75 percentage points since May 2008. Borrowers urged to prepare now for rate hikes while variable rates are falling!
Variable rollercoaster: borrowers warned to prepare for more repayment fluctuations
24th of May 2012 | by RateCity Staff