Jenee Tibshraeny: NZ Herald Wellington business editor on the rise in people shopping around for better mortgage rates - Heather du Plessis-Allan Drive

Bank switching surged in December, as those with mortgages appear to have shopped around for cheaper debt at a record rate.

Just over $2 billion of mortgage debt changed hands between banks and non-banks during the month - a record amount since at least 2017 when Reserve Bank records began.

NZ Herald Wellington business editor Jenee Tibshraeny explains further.

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