John Bolton: Mortgage broker predicts mortgage rates to be above 6 percent over the coming year
Early Edition with Ryan Bridge · Newstalk ZB
May 24, 20223m 45s
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Show Notes
The Reserve Bank is expected to lift the OCR to its highest level again since 2016.
Economists are predicting a lift of another 50 basis points, trying to cool demand while we deal with rising inflation.
It's also predicted all mortgage rates will be above 6 percent over the coming year.
John Bolton is the founder of mortgage broker Squirrel and he joined Kate Hawkesby.
LISTEN ABOVE
Economists are predicting a lift of another 50 basis points, trying to cool demand while we deal with rising inflation.
It's also predicted all mortgage rates will be above 6 percent over the coming year.
John Bolton is the founder of mortgage broker Squirrel and he joined Kate Hawkesby.
LISTEN ABOVE
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