Latest news | MortgageRates.co.nz

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.

10 March 2023

Has monetary policy actually tightened?

The only reason the Reserve Bank increases its cash rate is in order to place upward pressure on bank lending rates. So why have the banks this time not increased their floating mortgage rates when the cost of them borrowing to lend floating has gone up?

Person holding on to rope
22 February 2023

OCR continues to rise despite recent weather events

Following the recent flooding some people were of the opinion that recession would be guaranteed, and the need existed to at least stop raising interest rates if not cut them. However the OCR continues to rise, despite pleas from the public.

Stop sign in flood waters
09 February 2023

Should Kiwis expect the worst case scenario for mortgage rates?

How long will it take for central banks to be confident that inflation is under control and that sending an easing signal is safe?

Girl about to cross a dangerous road
27 January 2023

Be wary of the five year fix

Inflation has peaked, and with business and consumer confidence readings at appallingly low levels the weakness in the economy this year will see inflation fall away. But can we safely say that fixed interest rates have peaked as well?

Couple working out finances