A mortgage advisor is joining the Finance Minister in urging banks to slash home loan rates.  

Nicola Willis is asking them to pass on “as much as possible” in the wake of the Reserve Bank cutting the Official Cash Rate to 2.25%. 

She says the banks have a stake in the economy, and passing the cuts on will make a significant difference.  

Loan Market Mortgage Advisor Bruce Patten told Mike Hosking the banks are holding onto some really good margins at the moment. 

He says he’d like to see them pass them on before Christmas – everyone needs it, so someone needs to make the move.  

LISTEN ABOVE 

A mortgage advisor is joining the Finance Minister in urging banks to slash home loan rates. &nbsp;
Nicola Willis is asking them to pass on “as much as possible” in the wake of the Reserve Bank cutting the Official Cash Rate to 2.25%.&nbsp;
She says the banks have a stake in the economy, and passing the cuts on will make a significant difference. &nbsp;
Loan Market Mortgage Advisor Bruce Patten told Mike Hosking the banks are holding onto some really good margins at the moment.&nbsp;
He says he’d like to see them pass them on before Christmas – everyone needs it, so someone needs to make the move. &nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Bruce Patten: Loan Market Mortgage Advisor on the call for banks to slash home loan rates in the wake of the OCR cut

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9cad2688-c098-4da0-88b6-b3a201426838/transcript

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