The ‘year of the refix’ not over yet, as rates start tracking up
About $132b worth of borrowings are due to be repriced in the next six months, BNZ economist says.
New mortgage lending was up by an annual 14.3% during the December quarter, according to data from credit bureau Centrix.
At month-end, bank mortgages had a bank balance of $385.6 billion, which the Reserve Bank of New Zealand said was up 6% year on year and the highest level since September
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