Economists warn of looming mortgage debt trap as interest rates stay at record low | ABC News

Economists warn of looming mortgage debt trap as interest rates stay at record low | ABC News
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Record low interest rates and cheap borrowing has some economists warning of a looming mortgage debt trap.

The Reserve Bank opted to keep interest rates at record lows today, but there are concerns any shift upwards could leave debt-laden households in an impossible position.

Stephanie Chalmers reports.

Read more here: https://www.abc.net.au/news/2019-12-03/rba-keeps-rates-on-hold-house-price-jumps-household-debt-fears/11759930

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