Banks are happy to talk with customers if people are employed and committed to continuing to service mortgages," he said. "We've raised interest rates with the explicit intention of slowing down demand growth." Can I rule a future boom out and higher interest rates. "We've seen the outsized price reaction to an interest rate because housing has been so scarce. Higher interest rates means lower asset prices and vice versa.

Source: Stuff May 26, 2022 06:26 UTC