MR - MortgageWatch

No need to go floating

Tuesday 7th of July 2009

If actions speak louder than words, the complete inaction by all mortgage lenders over the last week is an eloquent answer to the Reserve Bank's latest attempt to jawbone down floating mortgage rates.

The central bank says the spreads between marginal funding costs and floating mortgage rates have widened in recent months to "historically high levels."

The government-owned Kiwiban...

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