1 Jun 2017

RBNZ says higher mortgage rates could trigger housing downturn

From Morning Report, 8:17 am on 1 June 2017

In its latest review of the financial system, the Reserve Bank has given the financial system a clean bill of health. However in a big but, it's worried a rise in mortgage interest rates to 7 percent could trigger a collapse in the housing market amongst heavily indebted borrowers.