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.
Shifting interest rate risks
Welcome to 2021 and another year when in all probability house prices will continue to rise at a strong pace, with a key driving factor continuing to be record low interest rates.
Record low rates will one day end
Let’s have a look back at the year and what has happened in the area of interest rates, and where things are likely to go.
Have we all been wrong about interest rates remaining low?
Virtually everybody taking out a mortgage at the moment is fixing their interest rate for a one-year period. The trouble with this approach is that it can leave borrowers quite badly exposed when interest rates go up.
Low interest rates and high house prices
The commonly accepted view is that New Zealand house prices have soared 500% since 1992 because of insufficient construction. This is not true.
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.