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3 Jul 2025 18:12
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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

    Politics:
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    Entertainment:
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    Entertainment:
    Dick Van Dyke was forced to pull out of a comedy event at the last minute due to illness 17:36

    Law and Order:
    Police have charged a man with manslaughter over a fatal Southland crash in February 17:27

    Law and Order:
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    Rugby:
    Rieko Ioane will start on the wing for the All Blacks for the first time in three and a half years when the test season gets underway against France on Saturday night 16:57

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    Entertainment:
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    Basketball:
    Kiwi basketballer Tyrell Harrison will play for the Denver Nuggets in the NBA Summer League 16:17


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