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.
Mortgage rates near their peaks
Banks have recently increased their fixed mortgage rates in response to a jump in the wholesale interest rates at which they themselves borrow. The question now is how much more will wholesale borrowing costs will rise? In that regard, the news looks good.
A global interest rate shock is underway
As a result of annual inflation rates surprising on the high side overseas, recent renewed increases in energy prices, and rising food prices because of Russia’s blockade of Ukrainian ports, central banks have all but pressed the panic button.
A new 'least regrets' policy from the Reserve Bank of NZ
On May 25, the Reserve Bank of New Zealand told us that they have decided to implement a new “least regrets” policy which is completely the opposite of the one from 2020.
Shorter fixed term mortgage rates preferred
I sometimes struggle to remain polite when journalists ask me if the rising rates environment means now is a good time to fix for a number of years in order to avoid future rate rises. The simple answer? No, it is not the right time.
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.
Ryan
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.
Jo
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.