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Newcastle Herald
Newcastle Herald
National
Gerard Cockburn

Borrowers could face $800 shock

Mortgage holders in the Hunter could be forced to cough up an additional $800 in monthly interest payments according to rate hike forecasts from Australia's largest banks.

Analysis on the big four's cash rate forecasts from RateCity forAustralian Community Mediahas shown borrowers are set to be stung with hundreds of dollars in additional interest charges, once the Reserve Bank begins upping rates.

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