Voice of Commonwealth

Borrowers are rushing to fix their loans as rate hikes loom

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SYDNEY (CU)_As mortgage lenders begin to respond to rising bond yields, borrowers are rushing to fix their loan rates in Australia. Sharp rises in bond yields are increasing borrowing costs, which are being passed on to borrowers in the form of increased longer-term fixed rates and tightened lending conditions.

According to financial comparison website RateCity, there have been three…

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