Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
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 co...
Two triggers for rate rises
At some stage banks will raise their fixed lending rates to avoid locking in lending at low margins for a number of years. There a...
Broker releases 5% deposit mortgage for first home buyers
It allows deposits of as low as 5%, and is aimed at helping first home buyers who have good incomes but not enough deposit to meet...
Improving growth outlook will eventually lift fixed rates
The chances remain high that in coming weeks we will start to see banks in New Zealand edging some of their fixed rates slightly higher.
Fixed rate rises delayed for now
A couple of weeks ago, discussions centred around increases in bank borrowing costs and rapidly decreasing margins on fixed rate mortgage lending. The chances of that have now decreased, but rate rises are still on the cards before the middle of the year.
Fixed mortgage interest rates on a timer
Wholesale interest rates in NZ fell to record low levels around October last year. Since then however, we have seen a radical shift in expectations for growth, inflation, and monetary policy settings around the world on the back of three key developments.
OCR remains unchanged, RBNZ to keep monetary policy steady
There's no reason for strongly believing that we face a future of sustained high inflation which will require an interest rate crunch. But borrowers should pay attention to the upside risks and the extreme uncertainty regarding how far and fast rates rise.