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.
The future of interest rates hinges on RBNZ's next forecast
It's all pretty quiet on the interest rates front, as we await our next OCR announcement on 20 August. But it's not the OCR verdic...
Opposing forces leave OCR outlook uncertain
On the one hand, the NZ economy still isn't in great shape. On the other, offshore uncertainty is causing concern around the futur...
Reserve Bank hits the pause button, holding the OCR at 3.25%
The RBNZ hit pause on rate cuts on 9 July—holding the OCR steady at 3.25%—citing signs of life in the economy, and overseas factor...
To cut or hold? Predictions mixed for RBNZ’s next OCR announcement
Interest rates are in a holding pattern right now, as we wait to see what the RBNZ has in store for us on 9 July. While some are expecting another 0.25% cut, many are expecting the RBNZ to hold at 3.25%.
Mortgage rates trucking along as is for now
It's all looking pretty quiet on the interest rates front at the moment. While shorter-term rates are expected to fall a little further, longer-term rates are a different story.
Competition keeping mortgage rates in check, despite rise in wholesale rates
Wholesale rates have gone up slightly in the wake of our latest 0.25% OCR cut, raising concerns that mortgage rates may follow suit. But growing competition among the banks is helping keeping fixed rates in check.
Another OCR cut in the bag—and we're almost at the bottom of the rate cycle
The Reserve Bank dropped the OCR by a further 0.25% this week, down to 3.25%—meaning we're now within reaching distance of the bottom of the interest rate cycle. Here's what it all means for mortgage rates and borrowers.
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