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.
BNZ takes rate war to six-month term
Competition in the home loan market has shifted back to the fixed rate terms with the Bank of New Zealand making major cuts to its fixed rates.
Survey shows 100 pt cut highly likely
Reserve Bank governor Alan Bollard is almost universally expected to slash rates again in December by at least the same magnitude as October’s unprecedented cut reflecting the increasingly gloomy global growth outlook and the collapse of inflation ...
Short, yes, but how short?
Short, yes, but how short? Mortgage advisers are recommending borrowers to put their borrowing on a short leash as interest rates slide but one-year rates are generally less expensive than six month terms and the floating rate is higher again.
Breaking fixed rate contracts could save you money
Mortgage rates have dropped so sharply that some borrowers will save money by breaking out of high-cost fixed rate contracts according to one of New Zealand’s leading mortgage brokers.
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New Zealand
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New Zealand
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