Going deep on the MPS - with Brad Olsen
The NZ Property Market Podcast
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How to Price Your Mortgage Rates Effectively
A couple of banks have definitely gone with the floating. It looks like some adjusted slightly on the shorter terms, but certainly not passing on the full 25 basis points. People are managing to adjust because they've got discretionary spend and they can pay a bit more. They've prepared for this. I saw the New Zealand Bankers Association for their second half of last year. They said 45% or some of people will get hit on their payments. For those that have, you have to go worse, many are also ahead. So yeah, good call on the mortgage rates.
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