Mortgages hit new high
New Zealand's mortgage lending has reached a new high.
Thursday, March 28th 2013, 3:23PM
Reserve Bank statistics out today show there was $179.36 billion in mortgages in February, up 4.3% on a year earlier.
In the week ended March 22, there were 7727 mortgage approvals, worth $1.35 billion.
The average one-year fixed rate for a new customer is now 5.38%.
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