Never get too comfortable with NZ’s historically low interest rates. Any mortgage debt taken on is still affordable if rates rise.

• Finance Minister has cautioned potential property buyers from getting too comfortable with NZ’s historically low interest rates.
• They should consider whether any mortgage debt taken on is still affordable in 3 or 4 years if rates rise.
• Though Reserve Bank keeps the OCR on hold, mortgage rates will continue to rise because lenders raised their money offshore.

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