Why the election could force higher mortgage rates

Australia’s home owners now have a more pressing concern than the nation’s credit rating | WATCH

Standard and Poor’s made a splash this week by warning about new risks to Australia’s AAA credit rating in the wake of the Federal Election. But the bigger story could be the rating agency’s comments about the big four banks.

Any downgrade for Australia’s biggest lenders would be quickly translated into more expensive mortgages for current and prospective home owners around the country. Don’t say you haven’t been warned...