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AAP
AAP
Business
Poppy Johnston

Mortgage-holders running out of cost-cutting ideas

Home owners are crumbling under the pressure of rising interest rates, data shows. (Russell Freeman/AAP PHOTOS) (AAP)

Most mortgage holders have been pinching their pennies as interest rates rise but about half have already maxed out their options for cost-cutting.

Older borrowers, those more than 65, were the most likely to be out of options for managing their personal finances to afford ballooning mortgage repayments.

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