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Home mortgages will not rise at the same rate as the OCR – CoreLogic

Thursday 24th of February 2022

CoreLogic thinks there are crumbs of comfort for would-be home buyers in the latest move by the Reserve Bank (RBNZ).

Its chief property economist Kelvin Davidson says interest rates will rise more slowly than the base interest rate imposed by the RBNZ.

The comments follow yesterday's move by the bank to raise the Official Cash Rate (OCR) by 25 basis points to 1%.

Whi...

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