Refinancing activity is continuing to surge as the Official Cash Rate continues to fall. 

Latest Centrix figures show mortgage enquiries are up 16% for the month of July and new mortgage lending rose almost 25%.

Chief Operating Officer Monika Lacey says the market is active at the moment and people are keen to get the best deal they can. 

She told Mike Hosking that about 36% of fixed mortgages are set to roll off in the next six months, so that’s quite a bit of activity that will start to flow through.

Lacey says it should result in a bit more cash in people’s pockets. 

LISTEN ABOVE 

Refinancing activity is continuing to surge as the Official Cash Rate continues to fall.&nbsp;
Latest Centrix figures show mortgage enquiries are up 16% for the month of July and new mortgage lending rose almost 25%.
Chief Operating Officer Monika Lacey says the market is active at the moment and people are keen to get the best deal they can.&nbsp;
She told Mike Hosking that about 36% of fixed mortgages are set to roll off in the next six months, so that’s quite a bit of activity that will start to flow through.
Lacey says it should result in a bit more cash in people’s pockets.&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

Monika Lacey: Centrix Chief Operating Officer on mortgage lending rising year on year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/416dbc40-a040-4297-b2f0-b34b01538b90/transcript