Bruce Patten: Loan Market Mortgage Advisor on the call for banks to slash home loan rates in the wake of the OCR cut
The Mike Hosking Breakfast · 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
A mortgage advisor is joining the Finance Minister in urging banks to slash home loan rates.
Nicola Willis is asking them to pass on “as much as possible” in the wake of the Reserve Bank cutting the Official Cash Rate to 2.25%.
She says the banks have a stake in the economy, and passing the cuts on will make a significant difference.
Loan Market Mortgage Advisor Bruce Patten told Mike Hosking the banks are holding onto some really good margins at the moment.
He says he’d like to see them pass them on before Christmas – everyone needs it, so someone needs to make the move.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.