NAB says mortgages under control

Households are paying off their home loans faster as banks slash interest rates to record lows, with National Australia Bank saying 85 per cent of its mortgage customers are ahead of their minimum repayments.

In another sign of consumer caution, the bank’s customers are paying off credit card debt faster, with the number of accounts paid in full rising 6 per cent in the past year.

Read more here: SMH

    

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