Dealing with a world in which mortgage rates are rising and house prices are falling

As rates rise look around for a better mortgage deal. Photo: Getty

With the cash rate sitting at 2.6 per cent many home buyers are wondering how they can survive in the new world.

Mortgage rates have crept up to at least 4.33 per cent from as low as 2.3 per cent earlier in the year, and they are likely to keep climbing as the RBA fights inflation.