Finance guru Mark Bouris has predicted interest rates will finally begin to drop in a message all Aussie homeowners will want to hear.
The Yellow Brick Road home loans chairman said rate decreases were in sight for struggling Australians, with the Reserve Bank cash rate at an 11-year high and monthly mortgage repayments surging by 64 per cent in just over a year.
“The real big question today is not whether they are going to put rates up again. It’s how long they are going to hold these rates as they are,” he told Sunrise on Friday.
He warned of a recession unless there was relief for borrowers.
“It’s extraordinary. We’ve had a four per cent increase since a year-and-a-half ago,” he said.
“How long can this country sustain that without going into a recession?
“If we see these interest ...
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