Weekly figures released by the Reserve Bank show 5668 home loans were approved in the week ending August 12 – down from 6332 in the week ending July 15 – the week before the latest plans to tighten lending were announced.
Karen Tatterson, a mortgage broker with Loan Market said she was not surprised lending had dipped ahead of the changes but had not seen a slow-down in business herself.
Read more here: http://http://www.nzherald.co.nz/residential-property/news/article.cfm?c_id=76&objectid=11696544