Nadine Higgins: Enable.me financial adviser says ASB and Kiwibank unjustified in lifting fixed-term mortgage rates

from Best of Business · host Newstalk ZB

ASB customers faced unpleasant news when the bank lifted six-month and one-year mortgage rates to 7.25 percent. Kiwibank has also increased rates- their six-month rate is now 7.15 percent, a one-year rate 6.89 percent and a two-year rate 6.59 percent. Enable.me financial adviser Nadine Higgins says this move is unjustified for everyday mortgage holders, as the OCR hasn't budged. "Normally rates move either by the official cash rate going up or wholesale rates going up. And neither of those things happened today." LISTEN ABOVESee omnystudio.com/listener for privacy information.

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This episode was published on July 3, 2023.

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