976501755
Old Mortgage News

Borrowers still exposed to rates rises

Tuesday 4th of March 2014

It is widely expected that the Reserve Bank will start to increase the OCR from this month.

Some economists have suggested that the hiking cycle should already have started – and that by delaying it, the Reserve Bank could miss out on some of the impact as borrowers shield themselves by moving to fixed interest rates.

Just under 60% of lending is now on fixed rates, compared to 45...

Want to read the full article?

Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.

You will also be able to comment on articles on Good Returns.