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Jenee Tibshraeny: NZ Herald Wellington business editor on the uptick in mortgage holders switching banks
Manage episode 436603462 series 2098282
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.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7210 episodes
Manage episode 436603462 series 2098282
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.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7210 episodes
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