It's 'Peak Mortgage Shock' time | interest.co.nz - Interest.co.nz

It's now 12 months since mortgage interest rates bottomed out. Anybody who fixed for a year and is now looking to refix will not enjoy what comes next - namely increases in monthly payments of close to 50%

It's 'Peak Mortgage Shock' time now. And plenty of shocks are in store. For many it is going to mean increases in monthly payment costs of close to 50%. The majority of mortgage holders have either… [+5077 chars]

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