Correct. The first screenshot is what the median mortgage might have looked like in 2020 when taken out at a fix rate of 1.5% - the fix rate is only locked in for a short period, often 2-3 years.

The second image is the new monthly repayment if the same mortgage moved to today’s variable rate of 5.7%

Mortgage holders see their repayments go up massively, that is on top of everything else (fuel, electricity, gas, groceries etc.) inflating 30% all whilst wages are at their lowest since 2009.

This is how central bankers “fix” the economy when their money printing comes back to bite - by throwing millions into poverty and getting them to lose their jobs at the same time.

Cool system eh?