ZB

Mortgage rates predicted to be above 6% over the coming year

Author
Newstalk ZB,
Publish Date
Wed, 25 May 2022, 7:56am
Photo / Getty
Photo / Getty

Mortgage rates predicted to be above 6% over the coming year

Author
Newstalk ZB,
Publish Date
Wed, 25 May 2022, 7:56am

The Reserve Bank is expected to lift the OCR to its highest level again since 2016.

Economists are predicting a lift of another 50 basis points, trying to cool demand while we deal with rising inflation.

It's also predicted all mortgage rates will be above 6 percent over the coming year.

John Bolton is the founder of mortgage broker Squirrel and he joined Kate Hawkesby.

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