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When will Interest Rates Go Down?

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Credit: SBS Russian

Today there was another, the tenth in a row, increase in interest rates. The official interest rate is now 3.6%. We contacted mortgage holders in Melbourne and the Gold Coast, as well as mortgage broker Olga Kulik from Adelaide, to find out what to do when mortgage payments become unbearable.


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By Victoria Stankeeva

Source: SBS



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Today there was another, the tenth in a row, increase in interest rates. The official interest rate is now 3.6%. We contacted mortgage holders in Melbourne and the Gold Coast, as well as mortgage broker Olga Kulik from Adelaide, to find out what to do when mortgage payments become unbearable.



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