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.

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22 May 2020

The rate drop we didn't see coming

It started with ANZ slashing their rates and now the other mainstream banks are jumping on the bandwagon, each with different appr...

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21 May 2020

A new record-low for interest rates

Retail banks were called out by the deputy governor of the RBNZ for not passing their lower prices down to home loan borrowers. AN...

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20 May 2020

Can mortgage rates drop any further?

Since the country has settled into Alert Level Two, we're now starting to see retail banks lowering their interest rates. But are ...

08 May 2020

Big banks join the rate war, dropping below 3%

As expected, the big banks are starting to drop their rates further to reach below 3%, and today ASB announced its two-year fixed rate of 2.99% while Kiwibank introduced a one-year fixed rate of 2.99%.

05 May 2020

The 1-year fixed rate reaches a new low

China Construction Bank has positioned themselves as the bank with the lowest 1-year fixed rate, with a cut down to 2.80%. They're now ahead of HSBC (2.95%) and Heartland Bank (2.89%). Will the big five be able to match it?

01 May 2020

Breaking: Loan-to-value (LVR) rules are removed by the RBNZ

The Reserve Bank of New Zealand (RBNZ) announced yesterday that the loan-to-value ratio (LVR) restrictions that they put in place back in 2013 will be removed from 1 May for 12 months. So what does this mean?

30 April 2020

Economic Outlook - Negative OCR?

As the country settles into Alert Level Three, we’re starting to see signs of the beginning of our economic recovery. There have been many discussions around the OCR going negative, and it seems like it could be a very real possibility.