Worried about money? Financial expert reveals how Kiwis can tackle rising mortgage rates
A lot of people may be feeling stressed out with inflation on the rise, and Christmas around the corner.
But there is a light at the end of the tunnel!
Jono and Ben caught up with financial expert Hannah McQueen from EnableMe about what Kiwis need to know about the rising mortgage rates and how we can all prepare to get the best outcome over the next 12 months.
"It's a little bit of a hot mess at the moment,” Hannah explained.
"So what we know is that interest rates are gonna go a little bit higher in the short term, and if you've got a mortgage that's coming off a fixed term in the next six months, you are gonna feel the burn of that.
"So that means that you're gonna have to create your own tailwind so that you can navigate the next 12 months. We know it's only for 12 months that we need to be able to navigate. And there are things you need to be doing to do it."
Listen above to hear all of Hannah's tips, and listen to the full Jono and Ben podcast episode below (Hannah McQueen features at around the 34min mark).
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