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.
Fixed rate hikes reflect market expectations
Mortgage interest rates have now risen by between 1.3% and 1.8% from where they were less than six months ago as banks have reacted to sharp increases in their cost of funds.
High inflation and low unemployment, mean high interest rates
The Reserve Bank has so far raised its official cash rate by a small 0.25% yet bank fixed mortgage rates across the 1–5-year terms have risen by between 1% and 1.5%. Why such disparate changes?
Soaring inflation raises mortgage rate risks
For quite a few months now my central theme with regard to interest rates has been fairly clear. Inflation risks are rising, the Reserve Bank will tighten, and chances are they will tighten by considerably more than people are comfortably thinking.
Interest rates on an upward march
The long-awaited monetary policy tightening cycle has now kicked off in New Zealand as the need for record low interest rates to combat feared effects of Covid-19 has disappeared, and the need to fight rising inflation has soared.
