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.
Why interest rates will remain low for a few years - Tony Alexander
Banks lend out about $280 billion to households for housing purchases. But they have funding from households exactly equal to $200 billion. It might pay to stop and think about that number for a moment.
Central banks are going to keep interest rates low
There are three central banks whose comments and policies are of high importance to interest rate movements and prospects in New Zealand. Most important is our own Reserve Bank, the United States Federal Reserve Board, and the Reserve Bank of Australia.
Is Heartland Bank's new rate too good to be true?
Heartland bank has taken the first stride by dropping their one-year fixed mortgage rate to 1.99%, putting them in the lead. The next lowest one-year rate is 2.49% currently offered by SBS which the other main banks are more than likely to match.
Will 11% Mortgage Rates Return?
Over the June quarter of this year the average interest rate paid by someone with a mortgage was 4.2%. This was down from 4.9% one year ago, 7.1% ten years ago, 8.8% 20 years ago, and 15.6% almost 30 years ago. Could we see those high numbers again?
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.