If there's a double interest rate rise this week, more borrowers become 'mortgage prisoners' - ABC News
As banks impose tougher lending standards and interest rate hikes drive property prices down, more Australians, who borrowed at the height of the pandemic housing boom, will find themselves in a mortgage trap, unable to refinance.
Like hundreds of thousands of other Australians, Madeline and Jacqueline Darkovska are prisoners to their mortgage.
The 24-year-old twin sisters are among borrowers who purchased at the height of th… [+10069 chars]
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