Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
Is Heartland Bank's new rate too good to be true?
Heartland bank has taken the first stride by dropping their one-year fixed mortgage rate to 1.99%, putting them in the lead. The n...
Will 11% Mortgage Rates Return?
Over the June quarter of this year the average interest rate paid by someone with a mortgage was 4.2%. This was down from 4.9% one...
A shift in longer term rates
ASB is the latest bank to drop their 4 and 5 year mortgage rates below 3%, joining BNZ and Westpac at 2.99% and it won't be long before the other banks follow suit.
Fixing one-year highly favoured
In my recent survey, 96% of Mortgage Advisors said that people are favouring the one-year term when fixing their mortgage. The reason for doing so is fairly clear – it is the cheapest rate on offer.
Structural falls in interest rates are almost over
You might think that as an economist I tell people what I think is going to happen. There are certainly elements of that, and generally that is what people look for. But the way to do this is remind people about the long-term underlying forces in play.
Mortgage rates set to go under 2%
Following the recent speculation around New Zealand’s Official Cash Rate heading into the negatives, economists are expecting that we could be seeing home loan interest rates drop below 2% for the next couple of years.