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AAP
AAP
Politics
Poppy Johnston

Borrowers survive fixed-rate cliff but more pain looms

Brendan Rynne Sally Tindall
Most households are paying their mortgages on time despite many coming off ultra-low fixed rates. (Joel Carrett/AAP PHOTOS)

Most borrowers have navigated a safe path down the fixed mortgage cliff though more pain could be coming if interest rates are hiked further.

Mortgage holders have been forced to stump up hundreds or even thousands extra towards their monthly repayments as ultra-low fixed-rate loans expired.

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