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.
How stronger employment could impact interest rates next year
Unlike overseas central banks, ours has never placed a timeline on its low interest rate policy, instead making any rate change conditional on the achievement of its key targets. Let's explore what those targets are and where they're at.
Two triggers for rate rises
At some stage banks will raise their fixed lending rates to avoid locking in lending at low margins for a number of years. There are two potential triggers for these rate rises, according to Economist Tony Alexander
Broker releases 5% deposit mortgage for first home buyers
It allows deposits of as low as 5%, and is aimed at helping first home buyers who have good incomes but not enough deposit to meet the 20% often demanded by trading banks, or who don’t qualify for the Government’s Kainga Ora scheme.
Improving growth outlook will eventually lift fixed rates
The chances remain high that in coming weeks we will start to see banks in New Zealand edging some of their fixed rates slightly higher.
