Ten Things You Need to Know Today: Sunday 29 Dec 2013

1. RATE RISE TO PUT 1M IN 'PERILOUS' DEBT

More than 1m homeowners will be at risk of defaulting on their mortgages in the wake of even a small rise in interest rates, a new analysis reveals. Borrowers who failed to pay down their mortgages when interest rates were at record low levels now face being overwhelmed by "perilous levels of debt" when the inevitable hike comes.

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