Mortgage borrowing declines

Overall mortgage borrowing has registered a significant fall in the year ended in October, down 14% year-on-year to $4.6 billion, according to the newest residential mortgage lending data by borrower type from the Reserve Bank of New Zealand.

Overall mortgage borrowing has registered a significant fall in the year ended in October, down 14% year-on-year to $4.6 billion, according to the newest residential mortgage lending data by borrower type from the Reserve Bank of New Zealand.

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