‘It’s quite distressing’: rate rise brings new pain for would-be homebuyers

The third Reserve Bank rate hike in a row has delivered a blow not only to mortgaged homeowners, but also to those hoping to break into the property market like Dani Hunterford and her husband. They have been saving for a deposit but have been left frustrated as another rate hike appears to put their homeowning dream out of reach again. “It feels quite distressing to be honest with you,” she said. …