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Finance queen Victoria Devine shares her savvy shopping habits

The article by Victoria Devine on news.com.au discusses the financial implications of the recent interest rate rise by the Reserve Bank of Australia (RBA) to 4.1%, marking the highest rate in over a decade. Devine explains how this increase affects mortgage holders, particularly those with variable rate loans, by increasing their monthly repayments. She provides insights into the broader economic context, mentioning that despite the rate hike, inflation remains high, and the RBA is attempting to curb it without pushing the economy into a recession. The article also touches on strategies for homeowners to manage the increased financial burden, such as refinancing or adjusting their budget. Additionally, Devine highlights the potential impact on consumer spending and the property market, suggesting that while some might see this as a cooling effect on the overheated housing market, others might face financial strain.

Read the Full Couriermail Article at:
[ https://www.news.com.au/checkout/life/checking-out-with-victoria-devine/news-story/7bdf2fdd0aee7c18716c307d83de40b9 ]