Could you manage if Rates Rise?
Wow, it’s been quite some time since the RBA last raised its interest rates! I remember home loan rates of 13% and 14% as the 1990’s began, and that’s when we were looking for our first home – YIKES!! So, I wonder, how would YOU cope if the RBA lifted its rates?? For most of the last 10 years our interest rates have been at historical lows and for a lot of our first home buyers and young families out there, you may never have experienced an “official” rate rise. Although it i