• Jenee Tibshraeny: NZ Herald Wellington business editor on the uptick in mortgage holders switching banks

  • Aug 28 2024
  • Duración: 3 m
  • Podcast

Jenee Tibshraeny: NZ Herald Wellington business editor on the uptick in mortgage holders switching banks

  • Resumen

  • 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.

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