Servicing a mortgage will get tougher for households. First-home buyers to feel the pinch the most

AUCKLAND (CU)_Mortgage rates in New Zealand began responding to increases in the official cash rate (OCR) last year, although for many households with a fixed loan or floating terms for less than one year, there has been a delay of the impact of rate hikes to be passed through. Once the loan terms start to roll over, mortgage holders will…