Liam Dann: NZ Herald business editor at large on Westpac hiking up their mortgage rates again
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Westpac has hiked their mortgage rates up again, joining Kiwibank and BNZ.
From tomorrow, Westpac is lifting its standard rates for its two-year and four-year mortgages to 7.59 percent and 7.19 per cent respectively, up 10 basis points.
The 18-month and five-year standard home loan rates have been bumped up 14bp to 7.69 percent and 6.99 percent respectively.
NZ Herald business editor at large Liam Dann says the local markets are predicting future hikes to the OCR following last week's GDP result.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.