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Australia · AustraliaAn increasing number of Australian homeowners are having difficulty repaying their mortgages despite the recent interest rate cut in February.
New data (pdf) from the Commonwealth Bank of Australia, the country’s largest retail lender, indicated that there had been a notable increase in mortgage arrears among its customers.
Specifically, the percentage of CBA borrowers who were over 90 days behind their mortgage payments reached 0.71 percent in …See the Story
More Australians Struggle to Pay Mortgage Despite Interest Rate Cut
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