Why do Kiwis Pay Higher Mortgage Rates than Other Countries?

March 27, 2014

Mortgage interest rates have increased in response to the Reserve Bank raising the Official Cash Rate to 2.5 per cent last week. But this isn’t the first time that New Zealand’s mortgage interest rates have been higher – in comparison to the OECD, our rates have been high for the past 20 years!

This article on PropertyNoise.com discusses some of the reasons why our rates are higher than other OECD countries. 

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Filed under Real Estate \ Real Estate Investment

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