TMM - News

Mortgage stress tests ‘a joke’

Tuesday 18th of July 2023

Advisers say buyers are frustrated as they see the market turning but are unable to purchase until interest rates fall.

Stress test rates are seen as preventing many deals from going ahead and banks’ assessment of expenses are still seen as rigorous overall, the survey shows.

It’s a fair assessment, says former Infometrics regional head and now independent economist,...

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