Results: Banks
What the RBNZ’s planned OCR track means for mortgage rates
With a series of small but steady OCR cuts expected over the coming months, here's how that's likely to impact short- and longer-t...
Rates still dropping, but some terms don't have much further to go
Now that the two-year rate is sitting below 5%—with most banks offering 4.99%—that's pretty close to where things are expected to ...
Borrowers favouring two-year term in wake of latest rate cuts
With most lenders now offering two-year fixed rates of 4.99%, borrowers have been flocking to the two-year term in droves. Does it...
What's in store for interest rates after the recent OCR announcement?
Following on from the Reserve Bank’s recent decision to raise the cash rate 0.25% to 5.5% and signal that they don’t plan any more rises, what is likely to happen with bank mortgage rates over the remainder of 2023?
Uncertainty around mortgage interest rates
The past 1-2 weeks has brought quite a pullback in confidence about inflation and monetary policy, but it's not because the economic outlook has suddenly improved.
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.
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
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.