Well, it was another very slow mortgage month out there - and don't just blame it on the winter. According to the Reserve Bank's July figures for new mortgages , total mortgage monies advanced during the month dipped under $5 billion ($4.997 billion to be precise). This made it the slowest July month for mortgages since 2017. The amount of mortgage money advanced dropped from $5.686 billion in June 2023. And while you might imagine it would be typical for the amounts to drop between the month of June and July - in fact the history of the RBNZ data going back to 2014 shows that the figures have actually risen in July from June more often than they have fallen.

https://www.interest.co.nz/personal-finance/123889/latest-reserve-bank-figures-show-mortgage-money-advanced-last-month-dipped

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