56% of NZ homeowners fixed mortgage terms to one year in February, expecting falling interest rates.
56% of New Zealand homeowners fixed their mortgage terms to one year in February, according to CoreLogic, as they bet on falling interest rates. The trend suggests a positive outlook on the economy and belief that interest rates have peaked. However, the Reserve Bank of New Zealand has indicated that it is unlikely to reduce the official cash rate anytime soon due to inflation concerns.
April 17, 2024
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