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Fri 07 Jul 2008Borrowers feel the mortgage pinch
Many homeowners are struggling to meet their monthly repayments, so what can they do? Caroline Maddenreports
VIEWED IN isolation, last week's interest rate increase may not have seemed like a major blow for borrowers. However, when soaring fuel and food prices - not to mention lengthening dole queues - are factored into the equation, it's clear that this rate hike could be the final straw for some overstretched homeowners.
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