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Bruce Patten: Loan Market Mortgage Advisor on the call for banks to slash home loan rates in the wake of the OCR cut

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Manage episode 521490125 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

A mortgage advisor is joining the Finance Minister in urging banks to slash home loan rates.

Nicola Willis is asking them to pass on “as much as possible” in the wake of the Reserve Bank cutting the Official Cash Rate to 2.25%.

She says the banks have a stake in the economy, and passing the cuts on will make a significant difference.

Loan Market Mortgage Advisor Bruce Patten told Mike Hosking the banks are holding onto some really good margins at the moment.

He says he’d like to see them pass them on before Christmas – everyone needs it, so someone needs to make the move.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

8304 episodes

Artwork
iconShare
 
Manage episode 521490125 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

A mortgage advisor is joining the Finance Minister in urging banks to slash home loan rates.

Nicola Willis is asking them to pass on “as much as possible” in the wake of the Reserve Bank cutting the Official Cash Rate to 2.25%.

She says the banks have a stake in the economy, and passing the cuts on will make a significant difference.

Loan Market Mortgage Advisor Bruce Patten told Mike Hosking the banks are holding onto some really good margins at the moment.

He says he’d like to see them pass them on before Christmas – everyone needs it, so someone needs to make the move.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

8304 episodes

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