Media Appearances  /  A number of borrowers who took out mortgages for the first time last year will struggle if mortgage rates rise as forecast, the Reserve Bank says

A number of borrowers who took out mortgages for the first time last year will struggle if mortgage rates rise as forecast, the Reserve Bank says

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According to the New Zealand Bankers’ Association, about 56,000 new home loans were taken out between July and December last year at an average size of $407,000.

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