James HarrisThe RBA held rates this week, but the big banks still can't agree on what happens next. Are rates going up again? Or are we finally done? It's probably the most common money question I've heard this week. And honestly, I understand why.
James HarrisAnother 1–2 rate rises could hurt more than people realise. A $700k mortgage could cost $572 more. Get the best financial advice Australia has to offer with 7Wealth team
James HarrisHere’s a number most people don’t like hearing… Over the life of a typical home loan… you’ll likely pay back more in interest than what you borrowed. Yep. On an average loan of $736,000 at 5.5% over 30 years… that’s about $769,000 in interest.
James HarrisThis week’s interest rate rise probably didn’t surprise you. But that doesn’t make it any less frustrating. Especially after many people finally felt a bit of breathing room from rate cuts over the last 18 months.