Malcolm Knight: mortgage adviser on Kiwi households feeling the pinch from heavy home loan rates

A mortgage adviser says New Zealanders are feeling the strain of heavy home loan rates. The Reserve Bank's held the Official Cash Rate at 5.5 percent. Adviser Malcolm Knight says a lot of home owners are asking for interest-only periods or loan repayment holidays. "If you can get through this next 12 to 18 month period- just hunker down, get through the tough credit crunch period - the light is at the end of the tunnel. We should see rates coming down next year." LISTEN ABOVESee omnystudio.com/listener for privacy information.