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“Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” #evokecapital #financebroker #mortgagebroker #mattspears #finance #lending #property #realestate #mortgage #australia

'Loans in arrears have risen but are still low' “Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” #property #realestate #homeloans

RBA highlights resilience of borrowers “Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” #property #realestate #homeloans 

RBA highlights resilience of borrowers “Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” #property #realestate #homeloans

RBA highlights resilience of borrowers “Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” #property #realestate #homeloans

RBA highlights resilience of borrowers “Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” #property #realestate #homeloans

RBA highlights resilience of borrowers “Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” #property #realestate #homeloans

RBA highlights resilience of borrowers “Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” #property #realestate #homeloans

RBA highlights resilience of borrowers “Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” #property #realestate #homeloans

RBA highlights resilience of borrowers “Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” #property #realestate #homeloans