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4 Jul 2025 13:04
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  •   Home > News > Business

    Interest rates could double for many Kiwis across the country

    Interest rates could double for many Kiwis across the country


    According to CoreLogic's Property Market and Economic Update roughly 60 percent of home loans will need to be refinanced in the next year.

    For a number of people that will mean fix interest rates will rise from two percent in mid last year to four percent by mid 2022.

    CoreLogic chief property economist Kelvin Davidson says it will have a major impact on housing.

    Davidson says rising cost of debt and reduced availability of debt will contribute to slowing down the property market.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    Rugby:
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    Entertainment:
    Henry Golding thinks Charlize Theron is a "rare commodity in Hollywood" 12:36

    Entertainment:
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    Rugby:
    Fourth seed Jack Draper has been ousted by 2017 finalist Marin Cilic in the second round at Wimbledon 11:57

    Entertainment:
    Liam Gallagher has no desire to perform on Glastonbury's Pyramid Stage 11:36

    National:
    NZ will soon have no real interisland rail-ferry link – why are we so bad at infrastructure planning? 11:17

    Cricket:
    England finishes day two of second Test at 3-77, India scores 587 in first innings 11:17

    Politics:
    The Pasifika Medical Association continues to refute allegations of impropriety, over its funding of Moana Pasifika 11:07

    Entertainment:
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