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Results: Fixed rates

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22 October 2021

Soaring inflation raises mortgage rate risks

For quite a few months now my central theme with regard to interest rates has been fairly clear. Inflation risks are rising, the R...

Stairs with white picket fences
08 October 2021

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 c...

Potato and money balancing on calculator
27 September 2021

Rising inflation risks

The Reserve Bank delivered some good and bad news for borrowers last week. In the wake of the latest lockdown, interest rates will...

02 July 2021

How the OCR could double monthly mortgage interest payments

If the official cash rate gets raised from 0.25% to 2.25%, we can anticipate that the one-year fixed rate to go from the current 2.19% to probably close to 4.5% when we allow for banks recovering some of their currently very low lending margins.

Calculator, laptop and cash on table
17 June 2021

Rising global inflation risks

History tells us that ahead of the 2008-09 Global Financial Crisis we economists under-predicted how high interest rates would need to go each cycle. But post-GFC we over-predicted rate rises. Now, we don’t know in what direction our errors will lie.

Young woman in supermarket
04 June 2021

Why you might be better to break your home loan early

Typically you refix your loan at the end of your loan term, but it can make sense to break a loan and refix for a long term benefit.

Broken pieces of chalk
25 May 2021

Mortgage interest rates are set to rise

In New Zealand the current general expectation is that this removal of the sugar bowl will commence in the second half of next year. One or two forecasters are suggesting the first half.

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