Many Kiwis re-fixed their mortgage last year and will be re-fixing their mortgage again this year too. 

Four in five borrowers have re-fixed in the past year – a 13-year high. 

And more than two-thirds of fixed rate loans are due to come up for renewal this year. 

Westpac Chief Economist Kelly Eckhold told Mike Hosking most people have been opting for one-year or 18-month terms, instead of longer periods. 

He says those terms have the best interest rates and would have allowed people to benefit from any further OCR cuts. 

LISTEN ABOVE 

Many Kiwis re-fixed their mortgage last year and will be re-fixing their mortgage again this year too.&nbsp;
Four in five borrowers have re-fixed in the past year – a 13-year high.&nbsp;
And more than two-thirds of fixed rate loans are due to come up for renewal this year.&nbsp;
Westpac Chief Economist Kelly Eckhold told Mike Hosking most people have been opting for one-year or 18-month terms, instead of longer periods.&nbsp;
He says those terms have the best interest rates and would have allowed people to benefit from any further OCR cuts.&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

Kelly Eckhold: Westpac Chief Economist on the number of fixed-rate loans coming up for renewal

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a3b039f9-3fe3-422d-a667-b3e5013ddbaa/transcript