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 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
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?
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.
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.
