eli5: who or what is profiting from the MASSIVE interest rate rises in Australia? Is it the banks holding your mortgage? The Government?!.. basically, who is loving life right now?
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A quick look at the rates online suggest that the rate is around 4.85. I got my first house in 2001 and it was 7.45.
Rates have been lower than all of recorded history and now they return to tree norm and everyone moans.
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