Marcus Hull: Mortgage broker says they are seeing increased demand for their services as mortgage and deposit rates rise

Early Edition with Ryan Bridge · May 30, 2022 · 2m

Banks are starting to lift mortgage and deposit rates following last week's OCR hike.

Kiwibank has lifted its headline rate for a two-year fixed mortgage to 5.19 per cent and ANZ has signalled changes to its interest rates.

Mortgage broker Marcus Hull told Kate Hawkesby people are feeling the pinch.

People look to tighten the belt and find ways to do a better budget, so brokers are seeing an increase in demand for their services.

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