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.

20 May 2020

Can mortgage rates drop any further?

Since the country has settled into Alert Level Two, we're now starting to see retail banks lowering their interest rates. But are home loan borrowers getting the benefit of cheap wholesale rates?

08 May 2020

Big banks join the rate war, dropping below 3%

As expected, the big banks are starting to drop their rates further to reach below 3%, and today ASB announced its two-year fixed rate of 2.99% while Kiwibank introduced a one-year fixed rate of 2.99%.

05 May 2020

The 1-year fixed rate reaches a new low

China Construction Bank has positioned themselves as the bank with the lowest 1-year fixed rate, with a cut down to 2.80%. They're now ahead of HSBC (2.95%) and Heartland Bank (2.89%). Will the big five be able to match it?

01 May 2020

Breaking: Loan-to-value (LVR) rules are removed by the RBNZ

The Reserve Bank of New Zealand (RBNZ) announced yesterday that the loan-to-value ratio (LVR) restrictions that they put in place back in 2013 will be removed from 1 May for 12 months. So what does this mean?