Homeowners are set for an even tighter squeeze as some banks hike up mortgage and deposit rates.
Kiwibank has raised standard rates to 8.15 per cent for one-year mortgages and 7.99 percent for two-year mortgages.
Westpac bank has lifted its nine-month deposit rate to 6 per cent. This follows strong GDP figures last week, which sparked warnings that interest rates would rise.
LoanMarket mortgage broker Bruce Patten spoke to Corin Dann.
