A mortgage adviser says New Zealanders are feeling the strain of heavy home loan rates.

The Reserve Bank's held the Official Cash Rate at 5.5 percent.

Adviser Malcolm Knight says a lot of home owners are asking for interest-only periods or loan repayment holidays.

"If you can get through this next 12 to 18 month period- just hunker down, get through the tough credit crunch period - the light is at the end of the tunnel. We should see rates coming down next year."

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A mortgage adviser says New Zealanders are feeling the strain of heavy home loan rates.
The Reserve Bank's held the Official Cash Rate at 5.5 percent.
Adviser Malcolm Knight says a lot of home owners are asking for interest-only periods or loan repayment holidays.
"If you can get through this next 12 to 18 month period- just hunker down, get through the tough credit crunch period - the light is at the end of the tunnel. We should see rates coming down next year."
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With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Malcolm Knight: mortgage adviser on Kiwi households feeling the pinch from heavy home loan rates

US President Donald Trump is headed to Türkiye for the NATO summit, and anticipation is growing.

The Russia-Ukraine conflict is set to be top of mind, but other concerns up for discussion include the US-Iran conflict and America's earlier attempt to acquire Greenland. 

UK correspondent Enda Brady says more defence deals are in the pipeline, but it's unknown what Trump's mood is.

LISTEN ABOVE

US President Donald Trump is headed to Türkiye for the NATO summit, and anticipation is growing.
The Russia-Ukraine conflict is set to be top of mind, but other concerns up for discussion include the US-Iran conflict and America's earlier attempt to acquire Greenland.&nbsp;
UK correspondent Enda Brady says more defence deals are in the pipeline, but it's unknown what Trump's mood is.
LISTEN ABOVE

Enda Brady: UK correspondent speaks ahead of Trump appearance at NATO summit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/babc9061-a7e6-4d57-b7ca-b4800082d9f3/transcript

Relentless rain is driving more evacuations in Kaikōura, which is under a state of emergency.

At least 150 households have been told to evacuate in Kaikōura, most recently from upper Red Swamp.

State Highway 1 is closed between Waipara and Ward, and expected to stay shut overnight.

The Country's Hamish Mackay explained further.

LISTEN ABOVE

Relentless rain is driving more evacuations in Kaikōura, which is under a state of emergency.
At least 150 households have been told to evacuate in Kaikōura, most recently from upper Red Swamp.
State Highway 1 is closed between Waipara and Ward, and expected to stay shut overnight.
The Country's Hamish Mackay explained further.
LISTEN ABOVE

Hamish McKay: The Country spokesperson on the impacts of the rain in Kaikōura

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/21d81522-254c-46e8-8d83-b480008083ae/transcript

Tonight on The Huddle, former Green MP Gareth Hughes and Jordan Williams from the Taxpayers' Union joined in on a discussion about the following issues of the day - and more!

Is Erica Stanford right to not put restrictions on VPNs? What did we make of this? Did we think she was going to introduce restrictions? 

China launched their missile test today - did we over-react? Should we be worried about this?

Do we agree with the Green's plan to ban synthetic nitrogen fertiliser - or is it an over-reach? 

LISTEN ABOVE

Tonight on The Huddle, former Green MP Gareth Hughes and Jordan Williams from the Taxpayers' Union joined in on a discussion about the following issues of the day - and more!
Is Erica Stanford right to not put restrictions on VPNs? What did we make of this? Did we think she was going to introduce restrictions?&nbsp;
China launched their missile test today - did we over-react? Should we be worried about this?
Do we agree with the Green's plan to ban synthetic nitrogen fertiliser - or is it an over-reach?&nbsp;
LISTEN ABOVE

The Huddle: Should we be worried about China?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/56d8c6e8-7939-45b9-8e81-b480007ed1bb/transcript

Malcolm Knight: mortgage adviser on Kiwi households feeling the pinch from heavy home loan rates

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