Nick Tuffley: ASB Chief economist on prediction floating mortgage rates could reach nine percent
The Mike Hosking Breakfast - A podcast by Newstalk ZB - Thursdays
Imagine your fixed term mortgage rate being upwards of seven percent over the next few years. Well according to ASB we don't have to imagine - it will be a reality. Their latest home loan report says they predict the peak interest rate for fixed term will be between 7-7.5 percent while floating rates could peak at 9 percent - all based on the OCR peaking at 5.25 percent. Chief economist at ASB Nick Tuffley joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.
