Variable rollercoaster: borrowers warned to prepare for more repayment fluctuations

Variable rollercoaster: borrowers warned to prepare for more repayment fluctuations

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!

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