Mortgage News

Credit growth ticks up, floating rate mortgages rise in March

Monday 30th of April 2012

Overall credit growth rose to 0.2% in March in seasonally adjusted terms after running at zero or 0.1% in each of the previous seven months. Mortgage lending in March was up 1.3% on March last year.

“It's a hint of things ticking marginally higher but credit growth is still relatively subdued,” BNZ economist Doug Steel says.

“Our view of what's been happening in the last few month...

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