Lower interest rates stoke greater competition for mortgages

The value of residential property across New Zealand continues to grow beyond $1trn despite a recent slowdown, according to the latest figures from property analytics firm CoreLogic.

It’s no surprise then that the firm has also observed strong competition for mortgages – especially among retail banks – as interest rates dipped during the first half of December.

The value of residential property across New Zealand continues to grow beyond $1trn despite a recent slowdown, according to the latest figures from property analytics firm CoreLogic.

It’s no surprise then that the firm has also observed strong competition for mortgages – especially among retail banks – as interest rates dipped during the first half of December.

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