Will there be a payment shock if mortgage interest rates were to increase by 2%? Gryphon's analysis, which is corroborated by similar analysis undertaken by the RBA, is that RMBS are well placed to continue to provide the stable and predictable income characteristic of GCI’s performance to date. The RBA have stated ‘Overall, the majority of indebted households are well placed to manage higher minimum loan repayments...’*
* Financial Stability Review – April 2022, page 27
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