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Cup day rate hike extends finishing line for borrowers

By Poppy Johnston
Updated November 7 2023 - 6:25pm, first published 6:22pm
Mortgage holders have been hit with more interest rate pain with a 13th hike announced by the RBA. (Bianca De Marchi/AAP PHOTOS)
Mortgage holders have been hit with more interest rate pain with a 13th hike announced by the RBA. (Bianca De Marchi/AAP PHOTOS)

More financial pain has been unleashed on borrowers after another increase to the official cash rate though the Reserve Bank seems reluctant to move higher again.

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