Quote:
Originally Posted by b0son
What am I missing? The fixed vs variable loans chart shows the vast majority went from fixed to variable in 2022. I've been hearing about this mortgage cliff for a year, but it seems there was actually some stairs with a handrail, and most people are already at the bottom of it, taking selfies.
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What they are saying is, that gap in the graph will look like a little step for what is about to come.
Cliff is supposed to start end of July. The rba raising rates steeply without seeing what impact its going to have, is what is having economists twitching.