TMM - News

Don’t expect any Government handout for mortgage repayment stress

Thursday 4th of May 2023

However, it is unlikely the Government will giving any handouts in this month's Budget to mortgage borrowers struggling with repayments as they roll on to higher interest rates.

Twelve consecutive hikes in the official cash rate (OCR) to 5.25% has helped house prices come off the 2021 highs and the RBNZ is widely expected to raise the OCR another 0.5% later this month, to help bring...

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