First home buyers: be prepared for rising interest rates!


RateCity Staff

RateCity Staff

Jan 25, 2013( 1 min read )

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Cheaper to buy on average FHB loan size Vs. median rents in most capital cities: Mortgage Choice But 1% rate rise could hike mortgage repayments by $41 per week or $164 per month! Borrowers need to prepare for rising rates: add 2% buffer to budget

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