Cost of living: How to save money on mortgage as major banks move to lift rates

  • 24/08/2023

The cost of living crisis has got many people looking at ways to save money.

New Zealand's biggest bank ANZ has moved to lift mortgage rates again, with the three-year rate now at 6.69 percent and one-year at 7.25 percent.

Those hikes come after competitor ASB revealed its own increases a few days ago. 

So, what to do? Is it possible to save money on your mortgage?

Mortgage broker Jamie Sanderson spoke to AM.

Watch the video.