Latest news | MortgageRates.co.nz

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.

Dog looking up
13 January 2022

Interest rate rises to continue this year

Welcome to my first fortnightly column on mortgage rate levels and prospects in New Zealand. At the start of 2022 we can see that ...

Bag with 2022 on the tag
17 December 2021

2022 will bring more mortgage rate increases

We started 2021 with the average one year fixed mortgage rate at 2.49%, the three year rate at 2.65%, and the five year rate 2.99%...

Beam scales
06 December 2021

Guest post: Residential home loans: fix or float?

In this article, John Bolton, CEO of Squirrel Mortgages looks at how to pick the right fixed home loan rate term in a rising inter...

03 December 2021

Monetary policy tightening already in place

Over nearly 3 years the OCR increased from 5.0% to 7.25%. But the 3-year fixed mortgage rate barely increased. Contrast that with the current situation of this rate rising 1.8% the past six months while the Reserve Bank’s cash rate has gone up only 0.5%.

Hands squeezing grapefruit
22 November 2021

Fixed rate hikes reflect market expectations

Mortgage interest rates have now risen by between 1.3% and 1.8% from where they were less than six months ago as banks have reacted to sharp increases in their cost of funds.

Street with lit up signs
04 November 2021

High inflation and low unemployment, mean high interest rates

The Reserve Bank has so far raised its official cash rate by a small 0.25% yet bank fixed mortgage rates across the 1–5-year terms have risen by between 1% and 1.5%. Why such disparate changes?

Two men walking around factory
22 October 2021

Soaring inflation raises mortgage rate risks

For quite a few months now my central theme with regard to interest rates has been fairly clear. Inflation risks are rising, the Reserve Bank will tighten, and chances are they will tighten by considerably more than people are comfortably thinking.

Bird soaring in the sky