Loans

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The value of new investor loan commitments reached $11.7 billion in March.

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Australia’s new housing loan commitments rose 1.6 per cent to $33.3 billion during March, new data from the Australian Bureau of Statistics (ABS) has revealed.

The monthly increase followed a 3.5 per cent decline during February and exceeded the consensus forecasts of a 1.9 per cent fall.

“The value of new investor loan commitments reached a record high of $11.7 billion in March and was the key contributor to the rise in the value of new housing loan commitments,” said ABS head of finance and wealth, Amanda Seneviratne.

New investor lending was up 2.9 per cent for the month and 48.4 per cent on an annual basis.

The ABS noted that the value of investor loan commitments had continued to increase each month since November 2020, except for in February this year.

The biggest monthly increases were recorded in the ACT (14.9 per cent) and the Northern Territory (32.4 per cent), with small rises across the states including South Australia (8.5 per cent), Queensland (6.7 per cent), Western Australia (5.9 per cent), Tasmania (2.3 per cent), NSW (1.6 per cent) and Victoria (0.7 per cent).

“This is almost certainly the peak in the cycle,” commented Westpac senior economist Matthew Hassan.

“Approvals are at lofty levels with a sharp decline in market turnover (-22 per cent since the start of the year in value terms) pointing to an imminent pull back.”

New owner-occupier loans lifted 0.9 per cent to $21.6 billion in March but were down 2.2 per cent annually. Within this segment, new loan commitments for first home buyers increased by 5.9 per cent to $5.1 billion while still remaining 25.2 per cent lower than a year ago.

“Overall, there was relatively little to glean from the March finance data, particularly given the overriding impact interest rate tightening is set to have on the housing sector in coming months,” said Mr Hassan.

“It will likely prove to be the high water mark for this cycle with turnover already off sharply and prices expected to enter a broad-based and correction phase in coming months that is expected to continue through the rest of 2022, all of 2023 and the first half of 2024.”

Similarly, Commonwealth Bank (CBA) economists Stephen Wu and Harry Ottley said that housing lending would likely continue to cool throughout 2022 as interest rates normalise.

“The trajectory of the tightening cycle will be determined by how swiftly and how powerfully rate hikes affect the economy,” the CBA economists said.

“Rising rates will influence both households’ and businesses’ behaviour and to that end, it is important to look closely at forward-looking indicators. The new flow of lending data, together with overall credit growth, will be ones to watch over coming months as a leading indicator, including of housing prices.”

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2022-05-05 00:25:22" ["slug"]=> string(63) "18282:new-investor-home-loan-commitments-climb-to-a-record-high" ["event"]=> object(stdClass)#8716 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "

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The value of new investor loan commitments reached $11.7 billion in March.

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Mortgage holders could be asked to pay over $1,000 more per month due to rising interest rates.

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After the Reserve Bank (RBA) kicked off its rate hiking cycle on Tuesday with a 25-basis point lift to 0.35 per cent, new borrowers could be facing an increase in mortgage costs of more than $1,000 per month.

Assuming a current variable mortgage rate of 2.49 per cent and monthly P&I loan repayments over 30 years, and taking into consideration the national median house price and an 80 per cent LVR, CoreLogic has placed mortgage costs for new owner occupiers at $2,363 per month.

With this as its starting point, the researcher calculated that a 100-basis point rise would result in an extra repayment of $323 per month, while a rise of 200 basis points would inflict an additional $668 payment on borrowers.

Under the same scenario but based on Sydney’s median dwelling value, new borrowers would be forced to pay $486 more per month following a 100-basis point rise and $1,006 more after a rise of 200 basis points.

Meanwhile, using the median house price for the combined capital cities, monthly repayments would rise by $357 for a 100-basis point increase and $738 under a lift of 200 basis points.

“Higher interest rates are set to add to the downwards pressure on housing growth rates, which were already losing steam or - as in the case of Sydney and Melbourne - trending into negative territory due to factors including affordability constraints, higher fixed term mortgage rates and lower levels of consumer sentiment,” commented CoreLogic research director Tim Lawless.

“As the cash rate normalises, we can expect housing markets to lose further momentum. A higher cash rate implies higher variable mortgage rates, a reduction in borrowing capacity and tighter serviceability assessments for prospective borrowers.”

The RBA had held the cash rate target at a record low of 0.1 per cent since November 2020, with May’s lift being the first hike for the central bank since November 2010.

“The low interest rate setting coincided with surging housing values; between November 2020 and April 2022 national housing values have increased by 27.0 per cent, adding approximately $159,300 to the median value of an Australian dwelling,” said Mr Lawless.

The extent of any future downturn in the housing market, Mr Lawless suggested, would depend on how high and fast rates rise as well as a range of other factors.

“Labour markets are currently showing the lowest unemployment rate since the mid-1970s, and conditions are set to tighten further. Such a low unemployment rate, along with an expectation for higher income growth, should keep mortgage distress and forced sales at relatively low levels,” he said.

Mr Lawless highlighted the RBA’s latest financial stability review that indicated the median repayment buffer for owner occupiers with a variable rate loan had reached 21 months of scheduled repayments in February, up from 10 months at the start of the pandemic.

“Even with a two-percentage point rise in mortgage rates, the median repayment buffer would reduce back to 19 months, which is still substantial. With the median household well ahead of their mortgage repayment schedule, the risk of households falling behind on their mortgage is reduced,” he said.

Mortgage serviceability assessments, which have checked the ability of new borrowers to meet loan repayments at a rate 3 per cent above the loan product rate since October last year and 2.5 per cent beforehand, will also help to minimise mortgage stress, according to Mr Lawless.

“The recent rise in fixed term mortgage lending is another factor helping to insulate home owners from higher interest rates,” he added.

“Through the middle of last year, 45 per cent of housing loans were funded on fixed rate terms, temporarily shielding those borrowers from rate hikes. While they will need to refinance down the track, by that time labour markets are likely to have tightened further and income growth picked up.”

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Mortgage holders could be asked to pay over $1,000 more per month due to rising interest rates.

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string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(79) "/borrow-money/loans/as-rates-begin-to-rise-how-much-more-will-new-borrowers-pay" ["image"]=> string(41) "images/article-826x550/house-coins-ne.jpg" ["image_alt"]=> string(9) "home loan" } [2]=> object(stdClass)#8242 (57) { ["id"]=> int(18276) ["title"]=> string(42) "Major banks announce interest rate changes" ["alias"]=> string(42) "major-banks-announce-interest-rate-changes" ["introtext"]=> string(132) "

Following the RBA’s first rate hike in 11 years, the big four banks have tweaked their home loan variable interest rates.

" ["fulltext"]=> string(4323) "

The Commonwealth Bank (CBA), Westpac, NAB and ANZ have all reacted to the Reserve Bank’s (RBA) decision to lift the cash rate from a record low 0.1 per cent to 0.35 per cent on Tuesday.

Each of the big four banks have confirmed they will pass on the full 25-basis point rise to their variable rate home loan customers. CBA was the first of the big four to announce the hike on Tuesday night followed by Westpac, ANZ and NAB.

Commonwealth Bank

CBA announced that its standard variable rate for owner occupier principal and interest loans would increase to 4.80 per cent from 20 May.

Additionally, the bank said that lifts of 25 basis points would also apply to following standard variable rates for home loans on the same date:

• Investor principal and interest to 5.38 per cent
• Owner occupier interest only to 5.29 per cent
• Investor interest only to 5.64 per cent.

“This is an important time to support customers as some may not have experienced an interest rate increase since they took out their loans,” commented CBA group executive retail banking Angus Sullivan.

“We are here to help customers who have loans and are considering how repayments might change. Some options available to help our customers manage repayments include fixing or splitting loans or setting up an offset account.”

Westpac

Westpac confirmed it would increase home loan variable interest rates for new and existing customers, as well as selected consumer deposit accounts including ‘Westpac Life’ and ‘Westpac 55+ and Retired’, by 25 basis points from 17 May.

“We have made the decision to increase our standard variable rate for home loan and selected consumer deposit customers following today’s increase to the official cash rate,” said Westpac chief executive consumer & business banking Chris de Bruin.

“We know many of our customers were able to build up their savings during the pandemic and 70 per cent of home loan customers are ahead on their repayments, helping put them in a better position to withstand an interest rate rise.”

NAB

The standard variable home loan at NAB will increase by 25 basis points to 4.77 per cent, while the bank also confirmed it would similarly lift its reward saver bonus interest rate.

“Supporting customers through the change is a priority for NAB. Interest rates have been very low for a long time – it has been 11 years since the official cash rate in Australia last increased and we know this will be a new experience for some customers,” said NAB group executive personal banking Rachel Slade.

“While we have 930,000 home loan customers, the historic low interest rates have been difficult for our savings and deposit customers, including more than 1.3 million customers with a reward saver account. We want to support them as interest rates rise again.”

The increases, which will take effect from 13 May, will also apply to owner occupier interest only (5.34 per cent), investor principal and interest (5.37 per cent) and investor interest only (5.67 per cent) loans.

ANZ

Finally, ANZ said its 25-basis point lift would see standard variable rate for owner occupiers paying principal and interest rise to 4.64 per cent, while the standard variable rate for owner occupiers paying interest only would reach 5.19 per cent.

“In making this decision we considered various factors including the change in the official cash rate, along with the impact on our customers and our business performance,” said ANZ group executive Australia retail Maile Carnegie.

“While this change will impact customers in different ways, home loan customers are generally well placed to manage rising rates with around 70 per cent of accounts ahead on repayments – many of them by two years or more. Household and business deposits are also at record highs.”

All of ANZ’s changes to variable interest rates for home and residential investment loans will take effect from 13 May.

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Following the RBA’s first rate hike in 11 years, the big four banks have tweaked their home loan variable interest rates.

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A surge of refinancing is anticipated in the next couple of years.

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The unwinding of low fixed rate home loans from the major banks, made available thanks to the Reserve Bank’s (RBA) term funding facility (TFF), is tipped to result in hundreds of billions of dollars in mortgages being refinanced during the coming years.

Australia’s banks accessed a total of $188 billion of funding from the TFF before it closed to new drawdowns in March last year. The facility provides low-cost three-year funding and will continue to support low borrowing costs until mid-2024.

The RBA estimated that the TFF, alongside other assistance provided during the COVID-19 pandemic, had resulted in rates being cut by between 100 and 115 basis points.

As such, according to Nano digital home loans CEO and founder Andrew Walker, Australia is “sitting on the edge of the cliff of the fixed rate roll over”.

He noted that the Commonwealth Bank (CBA) had previously indicated $53 billion of fixed rate mortgages were expected to roll over into variable rates in the second half of 2023 alone.

“Assuming the other major banks mirror the same structure as the CBA, we could expect to see $400 billion in fixed rate mortgages rolling off into a variable interest rate in the next couple of years,” Mr Walker said.

“If market expectations of rising rates are correct, these will be significantly higher, leading to a sharp lift in repayments. We expect those customers will be hungry for better, fairer rates and will look to the newer, digital players such as Nano to refinance.”

With interest rates now set to begin rising, mortgage holders have also sought to lock in the current low rates with total refinancing of $14.28 billion per month according to data from the Australian Bureau of Statistics (ABS), up 18.7 per cent on the year.

Mr Walker said that Aussies were given the choice of switching their home loan provider or potentially paying a ‘loyalty tax’ by sticking with their existing lender.

With a series of rate hikes anticipated in the coming months, mortgage holders are now set to face thousands of dollars in extra repayment costs per year.

Based on a $500,000 loan with a 25-year term and a variable interest rate of 2.7 per cent, Savvy found that a rate hike of 1 percentage point would result in monthly repayments rising to $2,557 from $2,294, adding up to an additional $3,156 over the course of a year.

This could add to the 584,000 mortgage holders who were already considered at risk of mortgage stress in a Roy Morgan survey late last year.

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2022-05-03 00:10:52" ["slug"]=> string(81) "18267:up-to-400bn-of-fixed-rate-home-loans-tipped-to-roll-off-into-variable-rates" ["event"]=> object(stdClass)#8749 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "

• Yes

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A surge of refinancing is anticipated in the next couple of years.

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UBS has identified an increase in factual misstatements coming from ANZ’s mortgage customers.

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A survey of residential mortgage customers conducted by UBS has revealed that 55 per cent of those who took out a home loan with ANZ during the last six months had made misstatements on their mortgage application.

This was in contrast to the slight improvement in the share of misrepresented loans identified overall to 37 per cent, down from 41 per cent in 2020.

“We think this is particularly concerning, given ANZ's persistent declines in mortgage market share, and the fact that 81 per cent of the 93 respondents who misrepresented their ANZ originated loan claim they were advised to do so by their banker,” UBS said.

“ANZ's continued deterioration is at odds with the broader improvement in bank originated loan factual accuracy in 2022 across other major and regional banks.”

Westpac had the next highest proportion of factual misstatements among the major banks at 40 per cent, down from 41 per cent a year earlier, while a decline from 36 per cent to 30 per cent was recorded for the Commonwealth Bank (CBA).

Notably, NAB saw a major decline in factual misstatements from 46 per cent in 2020 to just 19 per cent, while misstatements at other banks fell from 38 per cent to 33 per cent.

Around 62 per cent of respondents said that their banker had suggested they under or over represent on their mortgage application, up from 22 per cent a year ago.

UBS said it was “alarming” that 92 per cent of the 12 survey respondents who misrepresented their AMP originated loan had claimed that they were advised to do so by their consultant.

Suggestions to misrepresent were much lower among the other three major banks, including 44 per cent for Westpac, 40 per cent for CBA and only 21 per cent for NAB.

In terms of the areas of factual inaccuracy, 33 per cent of respondents said they had underrepresented living costs, 22 per cent had underrepresented financial commitments, 17 per cent overrepresented income and 17 per cent over declared other assets.

Are customers vulnerable to higher interest rates 

UBS also explored the vulnerability of mortgage holders to looming higher interest rates and found that 51 per cent of respondents were three or more months ahead on their repayments and 42 per cent said that they had emergency funds to cover 3 to 6 months of repayments.

Additionally, 39 per cent of respondents said that their total household spend was well below their household income.

“Our overall conclusion is that front-book borrowers, which are arguably higher risk, have [the] capacity to withstand rising interest rates, although there are pockets where stress could emerge with RBA hikes exposing some vulnerability,” UBS said.

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["check_access_rights"]=> int(0) ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["displayDate"]=> string(19) "2022-04-28 00:20:44" ["slug"]=> string(51) "18249:liar-loans-most-prevalent-at-anz-survey-finds" ["event"]=> object(stdClass)#8760 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(132) "

• Yes

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UBS has identified an increase in factual misstatements coming from ANZ’s mortgage customers.

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["alias"]=> string(44) "how-will-rising-rates-impact-mortgage-stress" ["introtext"]=> string(128) "

Mortgage holders could face thousands of dollars in extra repayment costs per year as a result of impending rate hikes.

" ["fulltext"]=> string(3027) "

With interest rates widely expected to lift off from June this year, new analysis has revealed how much Aussies will have to pay to service their home loans and what effect this will have on current levels of mortgage stress.

Using the example of a $500,000 loan with a 25-year term and variable interest rate of 2.7 per cent, Savvy found that a 1 percentage point rate rise would see monthly repayments rise to $2,557 from $2,294 - adding up to an extra $3,156 per year.

Research from Roy Morgan late last year found that 15.8 per cent of mortgage holders, or a total of 584,000, were considered at risk of mortgage stress.

Savvy MD and home finance expert, Bill Tsouvalas, noted that mortgage stress sat at record lows towards the end of 2021 following government intervention such as extended payment holidays, JobKeeper, JobSeeker and COVID-19 disaster payments.

“With record levels of government debt on the books now, the government – and whatever that government might be after the 21 May election – will be reluctant to bail out homeowners in view of creating even more inflation,” he said.

“What is pleasing to note is that unemployment is at near-record lows (4 per cent), which should push wages higher, especially in services where employers are scrambling to fill positions.”

Using a combined average income of two people of $135,720, and the latest wage price index from the Australian Bureau of Statistics (2.3 per cent), Savvy calculated that households can expect to receive $3,121 extra per year.

This would mean that they would only need to find an additional $35 each year to meet the increased mortgage repayments outlined in the firm’s earlier explored scenario.

However, Savvy pointed out that unforeseen events such as a significant drop in work hours or a job loss would immediately put the household in mortgage stress.

Mortgage stress is typically defined as paying more than 30 per cent of a household’s pre-tax income towards mortgage repayments.

Savvy said that some 20.3 per cent of household income goes towards repayments in its current scenario, rising to 22.6 per cent after a 1 percentage point rate rise.

The Home Loan Affordability Index from Bluestone Home Loans, which measures the proportion of average income required to make an average home loan repayment, found that 2021 was the worst year for home loan affordability on record with a decline of 14.5 per cent.

Meanwhile, ANZ has predicted that the strong outlook for employment and wage growth moving forward will cushion the anticipated lift in rates.

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Mortgage holders could face thousands of dollars in extra repayment costs per year as a result of impending rate hikes.

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NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [9]=> object(stdClass)#8800 (33) { ["id"]=> int(9) ["title"]=> string(17) "Third article URL" ["name"]=> string(17) "third-article-url" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-07-08 05:42:42" ["created_user_id"]=> int(2351) ["ordering"]=> int(0) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8430 (3) { ["data":protected]=> object(stdClass)#8420 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8423 (3) { ["data":protected]=> object(stdClass)#8428 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(3) ["label"]=> string(17) "Third article URL" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [4]=> object(stdClass)#8798 (33) { ["id"]=> int(4) ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> int(2351) ["ordering"]=> int(1) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8427 (3) { ["data":protected]=> object(stdClass)#8425 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8426 (3) { ["data":protected]=> object(stdClass)#8454 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(9) "Video URL" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [6]=> object(stdClass)#8786 (33) { ["id"]=> int(6) ["title"]=> string(33) "Image Caption / Video description" ["name"]=> string(31) "image-caption-video-description" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) 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int(2) ["label"]=> string(33) "Image Caption / Video description" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [3]=> object(stdClass)#8807 (33) { ["id"]=> int(3) ["title"]=> string(6) "Status" ["name"]=> string(6) "status" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-20 01:45:26" ["created_user_id"]=> int(2351) ["ordering"]=> int(3) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8455 (3) { ["data":protected]=> object(stdClass)#8463 (1) { ["options"]=> object(stdClass)#8461 (2) { ["options0"]=> object(stdClass)#8460 (2) { ["name"]=> string(8) "Inactive" ["value"]=> string(1) "0" } ["options1"]=> object(stdClass)#8462 (2) { ["name"]=> string(6) "Active" ["value"]=> string(1) "1" } } } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8457 (3) { ["data":protected]=> object(stdClass)#8465 (10) { ["hint"]=> string(0) "" ["class"]=> string(9) "btn-group" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(5) "radio" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(6) "Status" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [5]=> object(stdClass)#8703 (33) { ["id"]=> int(5) ["title"]=> string(22) " Essential information" ["name"]=> string(21) "essential-information" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-25 06:10:20" ["created_user_id"]=> int(2351) ["ordering"]=> int(4) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8459 (3) { ["data":protected]=> object(stdClass)#8467 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8464 (3) { ["data":protected]=> object(stdClass)#8469 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(22) " Essential information" ["description"]=> string(35) "3 points that summarize the article" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#8806 (33) { ["id"]=> int(2) ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> NULL ["checked_out_time"]=> NULL ["note"]=> string(0) "" ["state"]=> int(1) ["access"]=> int(1) ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> int(2351) ["ordering"]=> int(5) ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#8466 (3) { ["data":protected]=> object(stdClass)#8471 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#8468 (3) { ["data":protected]=> object(stdClass)#8473 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator":protected]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> int(2) ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> int(0) ["only_use_in_subform"]=> int(0) ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> int(1) ["group_state"]=> int(1) ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(64) "/borrow-money/loans/how-will-rising-rates-impact-mortgage-stress" ["image"]=> string(47) "images/article-826x550/struggling-couple-ne.jpg" ["image_alt"]=> string(15) "mortgage stress" } }