November 2008 News | RefinanceMortgage.com.au

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Refinance Mortgage News

Mortgage Stressed On The Rise Despite Cuts

Saturday November 29, 2008

BECAUSE of cuts in interest rates, the number of households under mortgage stress fell 3 per cent to 770,000 in October compared with the previous month. However, the latest Fujitsu Consulting Group national survey of mortgage stress has found that those in severe stress rose by 13 per cent to 291,000.