The Shocking Milestone That Interest Rates Just Hit - Interest Rate Update March 2022

Everything Mortgage

English - April 03, 2022 12:00 - 4 minutes - 3.35 MB
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March was certainly an interesting time for interest rates. Rupert Gough, CEO of Mortgage Lab talks you through the latest.

Let’s talk about what happened in March 2022 in the mortgage and property market with the biggest news being the shocking milestone that interest rates reached at the very end of the month.

February’s mortgage lending numbers came out mid-March with $5.7b of mortgages being lent across all the banks in February 2022. This is down 36% from its peak of $9.08b (just 3 months earlier) in November 2021...

You can watch a video on the same subject here: https://youtu.be/6ZdadJdslrQ

If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.

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