Mortgage News

Interest rate warning for borrowers

Tuesday 7th of May 2013

At the moment, it is offering a rate of 5.75%, roughly the middle of the market. But it expects a gradual increase in the official cash rate over the next couple of years to push up interest rates across the board.

Mortgagerates.co.nz polled some of the country’s economists on what they think home loan borrowers will be paying over the next few years.

UBS expects the rise in inter...

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