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.
Wholesale rates continue to fall—when will that flow through to mortgage rates?
Wholesale rates are still tracking down in response to ongoing weak economic data in New Zealand, and recent concerns that the US may be headed into recession. So what does that mean for mortgage rates?
With wholesale rates tracking down, OCR falls could come sooner than later
Wholesale rates have fallen steadily in recent weeks, reflecting the market's prediction of rate falls in November—if not sooner. What does that mean for anyone refixing their mortgage right now?
Is interest rate relief on the horizon?
According to bank economists, rate falls are now pretty much a given by November—but ahead of our next OCR announcement, on 14th August, there's a growing argument it could happen even sooner.
Inflation tracking as hoped, market still anticipating OCR fall in November
Weak economic data continues to pour in, and with the latest inflation figures coming in lower than expected, it looks increasingly like interest rate falls are on the cards for late 2024
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.