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.
Has monetary policy actually tightened?
The only reason the Reserve Bank increases its cash rate is in order to place upward pressure on bank lending rates. So why have the banks this time not increased their floating mortgage rates when the cost of them borrowing to lend floating has gone up?
OCR continues to rise despite recent weather events
Following the recent flooding some people were of the opinion that recession would be guaranteed, and the need existed to at least stop raising interest rates if not cut them. However the OCR continues to rise, despite pleas from the public.
Should Kiwis expect the worst case scenario for mortgage rates?
How long will it take for central banks to be confident that inflation is under control and that sending an easing signal is safe?
Be wary of the five year fix
Inflation has peaked, and with business and consumer confidence readings at appallingly low levels the weakness in the economy this year will see inflation fall away. But can we safely say that fixed interest rates have peaked as well?
Keen for the best rate and some cash too?
We've teamed up with award winning mortgage experts, Squirrel.
With over 1,425 five star reviews on Shopper Approved, Squirrel has helped thousands of Kiwis just like you secure the best possible rate when refixing or refinancing. Squirrel often beats the advertised rates so it's worth getting them to review your mortgage.
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New Zealand
The service I got from Squirrel was extremely efficient. They dealt with my loan so easily and achieved a result greater than what I was expecting.
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New Zealand
Highly recommend Squirrel to sort out a mortgage with the banks takes the hassle out of going to separate banks with so much information they do the hard yards for you - Baz was a superstar and helped me all the way to my new home.