Kiwis Return to One- and Two-Year Fixed Mortgages
According to the RBNZ’s latest monthly figures, nearly 60 per cent of new mortgages in March were fixed for one or two years. Specifically, $1.723 billion of the $5.725 billion in new lending was fixed for one year (30.1 per cent). $1.644 billion (28.7 per cent) was fixed for two…