Rate rises mean that households with an average $576,985 mortgage will have to find an extra $1250 a month
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Jack Lynch and his partner moved out of Sydney to the picturesque but cheaper Blue Mountains to become homeowners in 2021, and promptly locked in a cut-rate, fixed-rate loan.
The couple, in their early 30s, are now bracing for that loan to expire, and for repayments to increase by more than $2,000 a month.
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