Liam Dann: NZ Herald business editor at large on Westpac hiking up their mortgage rates again

from Best of Business · host Newstalk ZB

Westpac has hiked their mortgage rates up again, joining Kiwibank and BNZ. From tomorrow, Westpac is lifting its standard rates for its two-year and four-year mortgages to 7.59 percent and 7.19 per cent respectively, up 10 basis points. The 18-month and five-year standard home loan rates have been bumped up 14bp to 7.69 percent and 6.99 percent respectively. NZ Herald business editor at large Liam Dann says the local markets are predicting future hikes to the OCR following last week's GDP result. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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