Jenee Tibshraeny: NZ Herald Wellington business editor on the uptick in mortgage holders switching banks
Heather du Plessis-Allan Drive · Newstalk ZB
August 28, 20243m 9s
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Show Notes
Elevated interest rates have encouraged mortgage holders to switch banks at a record rate.
The value of mortgages refinanced by a new bank climbed to $1.75 billion in July – the largest amount since at least 2017, when the Reserve Bank started publishing this data.
NZ Herald Wellington business editor Jenee Tibshraeny unpacks the market factors encouraging homeowners to bank-hop.
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Topics
businessmoneyeconomyReserve Bankmortgage