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Home loan arrears on the rise as high debt and low wage growth bite – Problem home loans are now at their highest level since. which continue to reach new highs." Low and middle income tax breaks May provide some short term relief but minimal long term impact on debt.
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Fed raises short-term interest rates, making mortgages, car loans more expensive – As expected, the Federal reserve raised short-term interest rates 25 basis points. For the average consumer, the rise in interest rates will have some tangible effects. Loans for home mortgages,
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