Bank switching surged in December, as those with mortgages appear to have shopped around for cheaper debt at a record rate.

Just over $2 billion of mortgage debt changed hands between banks and non-banks during the month - a record amount since at least 2017 when Reserve Bank records began.

NZ Herald Wellington business editor Jenee Tibshraeny explains further.

LISTEN ABOVE

Bank switching surged in December, as those with mortgages appear to have shopped around for cheaper debt at a record rate.
Just over $2 billion of mortgage debt changed hands between banks and non-banks during the month - a record amount since at least 2017 when Reserve Bank records began.
NZ Herald Wellington business editor Jenee Tibshraeny explains further.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Jenee Tibshraeny: NZ Herald Wellington business editor on the rise in people shopping around for better mortgage rates

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1cbb0070-d5f0-4fa2-8047-b274007ebe40/transcript