Housing report: Why longer term mortgage rates are rising

Bernard Hickey delivers a housing report in association with ASB, including a look at this chart showing where longer term mortgage rate are likely to be heading. This chart shows wholesale interest rates and how they’ve been on a slowly rising trend in recent months despite the Official Cash Rate being on hold. This has seen some banks increase their longer term mortgage rates slightly in the last week or so. Here’s the full interactive chart. www.interest.co.nz