Having a mortgage in times of high rates

Paying off a mortgage is hard enough in the best of times, but it becomes much harder when mortgage rates are far higher than when you first took out the mortgage. As the economy is such a flexible system, how do you deal with such an ever-changing environment?

Treasurer Wayne Swan believes tax cuts will address wage growth issue

In a speech given to business leaders, Australian Federal Treasurer Wayne Swan has assured unions that the $31 billion in promised tax cuts over the years to come will be enough to take the thumbscrews off family budgets, as it would give them more money and possibly a better mortgage rate in the future.

More Mortgage Rate Pain On Way

THE big banks are considering a top-up mortgage rate rise in addition to a Reserve Bank-sanctioned increase if, as expected, the official cash rate is lifted by a further 25 basis points early next month.