TMM - News

Sub-2% mortgages to boost house prices: ASB

Wednesday 26th of August 2020

The bank's latest mortgage rate forecast predicts that within 12 months, home loan rates on one and two year fixed terms will drop to about 1.5%.

The expectation of low rates comes as the Reserve Bank signals plans for a term lending facility to banks, and warms to the idea of a negative official cash rate. The measures are likely to push home loans down below existing record lows.<...

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