Results: Fixed rates

Flight details board at Airport
29 March 2021

Fixed rate rises delayed for now

A couple of weeks ago, discussions centred around increases in bank borrowing costs and rapidly decreasing margins on fixed rate m...

Stopwatch on brown table
18 March 2021

Fixed mortgage interest rates on a timer

Wholesale interest rates in NZ fell to record low levels around October last year. Since then however, we have seen a radical shif...

Child playing jenga
18 January 2021

Shifting interest rate risks

Welcome to 2021 and another year when in all probability house prices will continue to rise at a strong pace, with a key driving f...

04 December 2020

Have we all been wrong about interest rates remaining low?

Virtually everybody taking out a mortgage at the moment is fixing their interest rate for a one-year period. The trouble with this approach is that it can leave borrowers quite badly exposed when interest rates go up.

01 October 2020

A shift in longer term rates

ASB is the latest bank to drop their 4 and 5 year mortgage rates below 3%, joining BNZ and Westpac at 2.99% and it won't be long before the other banks follow suit.

25 September 2020

Fixing one-year highly favoured

In my recent survey, 96% of Mortgage Advisors said that people are favouring the one-year term when fixing their mortgage. The reason for doing so is fairly clear – it is the cheapest rate on offer.

20 July 2020

Rate cuts are likely to be short term only

Margins are below average for terms of three years and longer. This tell us that unless there's a change in borrowing costs, anyone holding out for further falls in rates is taking quite a gamble.