The Sydney Morning Herald --- Page: 3 : 22 April 2008 Original article by Kelsey Munro
LexisNexis Summary
Fujitsu Consulting is about to issue its new study on the effects of rising interest rates on home loan borrowers. "Anatomy Of Australian Mortgage Stress" will show that as many as 20% of those suffering mortgage repayment difficulties will probably end up losing their property, and that severe forms of mortgage stress are most prevalent in New South Wales. Those who refinance their home loan are twice as likely to eventually be in default. Rising interest rates have taken over as the main reason for problems in servicing the mortgage debt, from sudden unemployment previously.
