Mortgage News

Borrowers told to brace for rates rises

Tuesday 26th of November 2013

The Reserve Bank predicts floating mortgage rates will rise to 7 or 8 per cent over the next two or three years and says buyers who entered the market in recent years with small deposits will be disproportionately affected.

ANZ's economists said this week that there increasing justification for the first OCR hike to happen in January, rather than March or June, as had been predicted.

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