Mortgage News

Mortgage borrowing accelerated in March

Monday 29th of April 2002

New Zealanders borrowed an additional $761 million in mortgages in March, bringing the total owed on housing to $69.502 billion, according to the latest Reserve Bank figures.

March’s mortgage borrowing was 72% more than the $443 million borrowed in February and the total outstanding is $4.989 billion, or 7.7%,...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.