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What's wrong with Australian mortgages? They're fixed for shareholders, not home owners

  • Written by The Conversation
What's wrong with Australian mortgages? They're fixed for shareholders, not home ownersshutterstock

If you’re paying off a mortgage – or aspiring to – imagine if you didn’t have to worry so much about rising interest rates.

That’s already the reality for US home buyers. Unlike in Australia, most mortgages in the US have a fixed-interest rate, locked in for 30 years.

Instead of having to wait and see if...

Read more: What's wrong with Australian mortgages? They're fixed for shareholders, not home owners

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