The Shocking Milestone That Interest Rates Just Hit
Channel: The Mortgage Lab
Date: 02/04/2022

March was certainly an interesting time for interest rates. Rupert Gough, CEO of Mortgage Lab talks you through the latest.

Let’s talk about what happened in March 2022 in the mortgage and property market with the biggest news being the shocking milestone that interest rates reached at the very end of the month. 

February’s mortgage lending numbers came out mid-March with $5.7b of mortgages being lent across all the banks in February 2022.  This is down 36% from its peak of $9.08b (just 3 months earlier) in November 2021...

If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.

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Our Video Chapters
0:00 - What was the shocking milestone interest rates just hit?
0:30 - How much was borrowed for mortgage last month compared to previous?
1:01 - Interest rates are...
1:31 - How far back do banks check your bank transactions?
2:06 - Who was worst affected by the CCCFA?
2:54 - Changing Regulations vs Legislation
3:07 - How much did interest rates change at the beginning of the month?
3:27 - Interest rate changes at the end of the month
3:44 - How much has the 1 year fixed rate changed already?