News

Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.

Toy houses on stacks of coins
16 July 2021

Three decades of falling interest rates are over

New Zealand has had a period of falling inflation and interest rates for over three decades. That period has now ended and both wi...

Calculator, laptop and cash on table
02 July 2021

How the OCR could double monthly mortgage interest payments

If the official cash rate gets raised from 0.25% to 2.25%, we can anticipate that the one-year fixed rate to go from the current 2...

Young woman in supermarket
17 June 2021

Rising global inflation risks

History tells us that ahead of the 2008-09 Global Financial Crisis we economists under-predicted how high interest rates would nee...

04 June 2021

Why you might be better to break your home loan early

Typically you refix your loan at the end of your loan term, but it can make sense to break a loan and refix for a long term benefit.

02 June 2021

Are Kiwis set to head back over the ditch?

Last week the Reserve Bank did something they have not done for a long time. In their regular Monetary Policy Statement they published a set of forecasts for where they see interest rates going.

25 May 2021

Mortgage interest rates are set to rise

In New Zealand the current general expectation is that this removal of the sugar bowl will commence in the second half of next year. One or two forecasters are suggesting the first half.

06 May 2021

How stronger employment could impact interest rates next year

Unlike overseas central banks, ours has never placed a timeline on its low interest rate policy, instead making any rate change conditional on the achievement of its key targets. Let's explore what those targets are and where they're at.