Mortgage stress rose to a new record high in February despite the central bank leaving the rates unchanged at its February meeting, according to fresh data.
Rising interest rates dampened new loan values in 2023 but led to a surge in refinancing activity as borrowers shopped for better mortgage rates, according to new research.
A new survey has revealed that the RBA’s decision to pause rate rises in February was a shot in the arm for consumer sentiment, but the mood remains pessimistic.