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 set to go under 2%
Following the recent speculation around New Zealand’s Official Cash Rate heading into the negatives, economists are expecting that we could be seeing home loan interest rates drop below 2% for the next couple of years.
What happens with negative interest rates?
Two weeks ago, the Reserve Bank made a point of noting that they are actively examining how a negative interest rates policy might work.
Is New Zealand's OCR heading below zero?
In recent months there’s been a good deal of speculation that New Zealand's Office Cash Rate (OCR) might drop below zero next year. It's already sitting at 0.25% and it’s expected to move downwards to stimulate activity in the economy.
The good and bad from the new lockdown
I recently talked about interest rates reducing further. Now, courtesy of the change in New Zealand's Alert levels, the chances have both gone up, and down that this will happen