Mortgage rates are creeping up despite the RBA not moving rates because of higher funding costs.
Already the mortgagees are stretched with making ends meet with zero wage growth.
House prices are falling and anyone who wants to get may struggle with a capital loss.
It doesn't bode well at all and this could have a massive negative impact on the Australian economy especially with consumption in retail and discretionary spending.
Lets see how this pans out but will be looking for opportunities to sell more into any rally
Already the mortgagees are stretched with making ends meet with zero wage growth.
House prices are falling and anyone who wants to get may struggle with a capital loss.
It doesn't bode well at all and this could have a massive negative impact on the Australian economy especially with consumption in retail and discretionary spending.
Lets see how this pans out but will be looking for opportunities to sell more into any rally