New Zealand plunges into recessionary spiral

Re:New Zealand plunges into recessionary spiral by michael1999 on Friday November 04, 2022 @04:12PM (#33473089)

How do you mean it is regulated this way? RBC lists a 25-year fixed right now - https://www.rbcroyalbank.com/mortgages/mortgage-rates.html#p....

It isn't competitive (9.75% vs 6.2% on a 5 year), but it's there.

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Re:New Zealand plunges into recessionary spiral by voisin on Friday November 04, 2022 @04:17PM (#33473151)

Woah, that’s strange. I just bought a house and the mortgage guy I was dealing with said anything more than 7 years is prohibited in Canada unless you go to an unregulated B-lender. Clearly I stand corrected!

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Re:New Zealand plunges into recessionary spiral by michael1999 on Sunday November 06, 2022 @04:56PM (#33497765)

I don’t know if they actually sell a 25, or just post a rate for some other reason. But I know I locked in for 10 my first contract.

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