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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessA$370bn Of Fixed Rate Mortgages To Be Refinanced In 2023
Nearly half of mortgages fixed at low rates in mid-2021 will need to be refinanced next year worth A$370bn, according to The Australian. Barrenjoey chief economist Masters estimates that A$35bn will reset in April followed by the peak in May of A$44bn. This wave of refinancing will result in significantly higher mortgage payments and an expected drop in discretionary spending. The RBA has said there is significant uncertainty around the impact on consumers of its 300bp of tightening this year and that it is monitoring households closely.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.