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First-home buyers have spotted their chance to get into the market, Trade Me data shows - but whether they'll be able to make it happen is another question. Head of Trade Me Property Nigel Jeffries said younger buyers were browsing the site more than usual as interest rates hit record lows and the Reserve Bank removed loan-to-value restrictions. “In the week following the Reserve Bank&r...
The chances are strong that following some small reductions in one- and two-year fixed mortgage rates this week, further reductions will happen soon. The Reserve Bank is clearly frustrated at behaviour by banks, writing the following in their discussion of the expansion of their money printing operation“We expect to see retail interest rates decline further as lower wholesale borrowing co...
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