According to Mortgage Choice’s annual First Home Owner Survey, which canvassed the opinions of first-home owners who purchased within the last two years, 25.3% said they could comfortably afford a 4% increase in interest rates.

 

“A further 36.8% of surveyed respondents said they could afford at least a 2% increase in interest rates,” Mortgage Choice chief executive officer John Flavell said.

 

As interest rates generally rise in increments of .25%, most first home owners believe they could comfortably afford eight interest rate rises.

 

Of those surveyed, 59.1% had not thought about refinancing their mortgage because of recent rate rises.