Yeah I literally got my monthly letter from the bank today letting me know my eye watering monthly repayment for my modest suburban house is going up another $200 a month.
So, yay for paused interest rates but they could have at least let me enjoy it for a day or two.
My primary residence mortgage is fixed until the end of the year, so I’m not looking forward to seeing how much the repayment jumps. It’ll be going from 1.9% to ~6% most likely :(
Yeah I literally got my monthly letter from the bank today letting me know my eye watering monthly repayment for my modest suburban house is going up another $200 a month.
So, yay for paused interest rates but they could have at least let me enjoy it for a day or two.
Yeah it is eye watering to look at what our minimum payments were 18 months ago, compared to now :-\
My primary residence mortgage is fixed until the end of the year, so I’m not looking forward to seeing how much the repayment jumps. It’ll be going from 1.9% to ~6% most likely :(
Yep, good luck. Expect thousands (plural). You must have locked in the fixed term at the perfect time.