Shorter-term mortgage rates look to rise on the back of today's expected rise in the official cash rate.
The Reserve Bank is expected to lifted the official cash rate by fifty basis points to a six-year high of two percent, which means other rates will follow suit as the battle against inflation enters new ground.
According to Loan Market mortgage advisor Bruce Patten, the degree to which mortgage holders and others will get stung is a bit of an open question.
