Mortgage News

LVR rules only working at margins: Tuffley

Thursday 6th of March 2014

ASB chief economist Nick Tuffley said the rules seemed to have had some success in improving financial stability but had not materially reduced the probability of a house price overshoot that would leave the market vulnerable to a sharp correction.

Banks have sharply reduced the amount of lending they do to borrowers with a deposit of less than 20% - something that the Reserve Bank had h...

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