Equifax NZ finds 'notable dip' in home lending appetite

Home lending dipped in the final three months of 2022. (Image: Getty)

Mon, 23 Jan 2023

The final quarter of last year saw a “notable dip” in home lending appetite, according to the latest quarterly index.Equifax NZ released its Quarterly Consumer Credit Demand index this morning, which saw a continuing stable trend in overall consumer inquiry volumes across 2022.But demand remained below pre- and post-pandemic volumes, with home lending dipping in the final three months of 2022.Mortgage demand continued to be down on both 2020 and 2021 volumes, with a 27.4% drop in the December quarter year-on-year.Meanwhile, enquirie...

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