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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.

13 August 2021

Mortgage rates are going up

On Wednesday 18 August the Reserve Bank will review the record low 0.25% official cash rate set in place back in March 2020 when we were heading into the economic and health unknown

Piggy bank with coins on table
02 August 2021

Monetary policy tightening soon

Things have changed a bit since my last column discussing interest rates a couple of weeks ago. The state of the pandemic has stalled the growth projections for many economies and how quickly interest rates will go up. But what's in store for New Zealand?

Person tightening bolt with spanner
16 July 2021

Three decades of falling interest rates are over

New Zealand has had a period of falling inflation and interest rates for over three decades. That period has now ended and both will be rising.

Toy houses on stacks of coins
02 July 2021

How the OCR could double monthly mortgage interest payments

If the official cash rate gets raised from 0.25% to 2.25%, we can anticipate that the one-year fixed rate to go from the current 2.19% to probably close to 4.5% when we allow for banks recovering some of their currently very low lending margins.

Calculator, laptop and cash on table