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	Podcast:		Heather du Plessis-Allan Drive
	Episode:		Aaron Rubin: Nelson homeowner considers selling house due to rising mortgage interest rates
	Category:		News & Politics
	Duration:		00:05:53
	Publish Date:		2023-01-26 04:23:41
	Description:		A Nelson family is considering selling their home as they struggle to cope with mortgage interest rate rises. They bought their home for $1.2 million in 2021, with a loan topping $1 million. They were initially paying $4,000 a month, but that's set to become more than $6,000 a month in March, on the bank's new 6.49 percent fixed term. Homeowner Aaron Rubin says the rising interest rates will drain all their household income and they'll be forced to cut back. LISTEN ABOVE See omnystudio.com/listener for privacy information.
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