Results: Fixed rates
A general market update
An update on interest rates, the property market and bank news.
The latest rate changes
Following the capital requirement announcement, one major bank has increased its one-year rate and we expect the other
ANZ and ASB the latest to update their rates
ANZ and ASB have both followed in Kiwibank’s footsteps, making changes to their one and two year fixed rates.
A quick overview of the market
Since last week’s decision to keep the OCR unchanged at one percent, we haven’t seen much of a shift in the market.
Is it worth breaking your fixed loan while interest rates are low?
While rates are at record lows, Kiwis who have locked in a fixed rate mortgage at a higher rate might be asking if it’s worth breaking and fixing at a new rate?