Mortgage News

Please Sir, Can I borrow more

Wednesday 1st of July 2015

The latest monthly credit statistics from the Reserve Bank show that borrowing is at its highest level since the GFC in 2008 and 2009. The data shows lending was up 5.4% year-on-year in May.

ASB chief economist Nick Tuffley says housing credit will be the part catching the RBNZ’s eyes the most.  It is clear that, even before the RBNZ cut the OCR in June, past falls in interest...

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