Imagine your fixed term mortgage rate being upwards of seven percent over the next few years.
Well according to ASB we don't have to imagine - it will be a reality.
Their latest home loan report says they predict the peak interest rate for fixed term will be between 7-7.5 percent while floating rates could peak at 9 percent - all based on the OCR peaking at 5.25 percent.
Chief economist at ASB Nick Tuffley joined Mike Hosking.
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