More than one million borrowers set for fixed rate rise from two to nearly six per cent

Yellow Brick Road Home Loans Executive Chairman Mark Bouris says the banks process is to keep hiking the prices until they “break something” as around 1.2 million borrowers are going to go from paying two per cent per annum to nearly six per cent. “What they really want to break this time is consumers,” Mr Bouris told Sky News Australia. “One of the consequences of breaking consumers is people have to sell their houses or the banks take possession.” Via news.com.au — Australia’s leading news site https://www.news.com.au