Jenee Tibshraeny: NZ Herald Wellington business editor on the uptick in mortgage holders switching banks
Elevated interest rates have encouraged mortgage holders to switch banks at a record rate.
The value of mortgages refinanced by a new bank climbed to $1.75 billion in July – the largest amount since at least 2017, when the Reserve Bank started publishing this data.
NZ Herald Wellington business editor Jenee Tibshraeny unpacks the market factors encouraging homeowners to bank-hop.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.