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Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
A shift in inflation forecasting
As one who has been around for three and a half decades commenting on the New Zealand economy and observing offshore markets, I’ve learnt that surprises never stay pointing in the one direction. A key aspect of markets is that they are adaptive.
Mortgage rates stay high for the foreseeable future, as global inflation worries continue
Weak exports, household spending lessen chances of another official cash rate hike, but inflation, migration, and fiscal policy changes may delay a rate cut until well into 2024.
What's in store for interest rates after the recent OCR announcement?
Following on from the Reserve Bank’s recent decision to raise the cash rate 0.25% to 5.5% and signal that they don’t plan any more rises, what is likely to happen with bank mortgage rates over the remainder of 2023?
Will there be a return of the 2.99% five year rate?
Where are fixed mortgage interest rates likely to average over the next 5-10 years, and will there be a return of the 2.99% five year rate?
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New Zealand
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