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.
Covid-19: Mortgage rates and housing market forecast
There are a lot of what if’s at the moment. While there’s no crystal ball to consult, here’s our take based on what we’re seeing.
HSBC drops their 1-year, 18-month & 2-year rates
As we enter the first day of our four-week (at least) lockdown, HSBC has announced their new mortgage rate of 2.95% for one-year and 18-month terms, along with a two-year rate of 3.09%.
Update: rate wars and mortgage holidays
As predicted, ASB has finally lowered their interest rates and joined the rate war.
More rate cuts - an update
Westpac and BNZ have joined the rate war this week, dropping their one-year term to 3.09%. This seems to be the new norm.
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.