Real Estate Podcast Episode 23: Anthony Landahl, The impact of interest rates and mortgage prisoners
With the RBA lifting the cash rate to 4.35% in November, the 13th rate rise since May 2022, homeowners grappling with mortgage stress are still finding it difficult to refinance to cheaper loans, despite updated lending rules and a rebound in property prices that should make it easier to change lenders. On this episode of the Real Estate Podcast we re-visit this issue of "mortgage prisoners". • What is a mortgage prisoner and why is this an issue? • Why does it happen? • How big a problem has it become ? • What can mortgage holders in this situation do? • Is there a solution?
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