Larry Williams Drive

Bank switching surged in December, as those with mortgages appear to have shopped around for cheaper debt at a record rate. Just over $2 billion of mortgage debt changed hands between banks and non-banks during the month - a record amount since at least 2017 when Reserve Bank records began. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.