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Rate rises to cause more interest paid on average loans

Gerard Cockburn
By Gerard Cockburn
Updated February 4 2022 - 9:30pm, first published 6:30pm
Rising interest has been front and centre following speculation by the RBA that a "plausible" rate rise could occur later in the year. Picture: Shutterstock

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

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