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If you look at things from a lending perspective, a number of the loans that were funded over the last couple of years were assessed at serviceability rates of between 7 and 8.5%. A large portion of 2009 saw an increase of first homebuyer activity. From personal observations, I would expect a...

If rates hit 10%, they will come back down to 5 as quick as they hit 10%. Arrears on loans would be at a very high level, retail spending would come to a stand still, small and large business would suffer as a result and gov't stimulus would be required again. In my simple opinion, I dont...