Kelvin Davidson: CoreLogic Chief Property Economist believes a change in home loan borrowing habits is occurring
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
There's anticipation more homeowners will change their borrowing behaviour this years.
90% of home loans were floating or fixed for less than a year in January.
But CoreLogic forecasts borrowers will fix for longer as interest rates come down.
Chief Property Economist, Kelvin Davidson told Francesca Rudkin it's anecdotal at this point, but believes February data will prove it's happening.
He says there was intense competition between banks last month, for two and three-year fixed term rates.
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