$300b mortgage debt ‘tsunami’ due to hit this year
Most borrowers will need to chat to their bank or mortgage broker in coming months, but will likely save about $4b in the process.
Borrowers are ‘riding the wave’ until lower rates come.
New Zealand homeowners will reprice almost $300 billion in mortgages this year, which is 81%, or more than four in every five home loans held.
More than half of that – of a total book of just over $360b – will be repriced by major banks and lenders within the next six months, reflecting the
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