Ep. 64 Interest rates and inflation
Global supply chains have been affected due to Covid and the war between Ukraine and Russia. People are demanding more and the supply isn't able to keep up which is pushing up prices. The cost of goods is going up and then there is inflation.
To fix or not to fix? That is the question. Many people are concerned about what they should do with their mortgages. If interest rates go above 5%, this could impact the serviceability for around 20% of people. We strongly recommend you speak to your bank or your mortgage broker so you can get professional advice on your situation. Everyone is different…
The skinny
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