Reserve Bank warns on stress for home buyers as interest rates rise
If interest rates reach 6%, about half of recent first-home buyers will face stress repaying their mortgage.
Brent Edwards
Thu, 09 Dec 2021
Hot Topic
Hawke’s Bay
The Reserve Bank has warned Finance Minister Grant Robertson that if mortgage interest rates rose to 5% about 20% of recent first-home buyers would start to struggle to service their loans.
“At 6% this would rise to close to 50%. Investors, and to a lesser extent existing owner-occupiers,
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Brent Edwards
Thu, 09 Dec 2021
Contact the Writer: brent@nbr.co.nz
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Reserve Bank warns on stress for home buyers as interest rates rise
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