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Mixed pressures on mortgage rates muddy outlook

Mortgage rates have remained largely steady since April’s Home Loan Rate Report.

Increases in funding costs have limited mortgage rate declines following the RBNZ cutting the OCR in August.

We are expecting another 25bp cut in November, which may put some downward pressure on mortgage rates.

Economic research - Access trends and financial news | ASB Home Loan Rate Report Mixed pressures on mortgage rates muddy outlook