DTIs still on the Reserve Bank’s radar
For the first time today, the Reserve Bank released new mortgage data showing the total borrower debt compared to borrower income for owner occupiers and first home buyers.
And it shows that DTI levels for borrowers around New Zealand remain high.
While the Reserve Bank doesn’t have a threshold for when a DTI is considered high, it keeps a particularly close watch on new mortgage lending with a DTI of over five.
Nearly a third (31%) of borrowers nationwide took out mortgages with a DTI of over five in June 2019, while 33% of first home buyer had mortgage debt of over five.
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.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
