Results: Interest Rates

Top of a brown house with orange roof
12 October 2020

Will 11% Mortgage Rates Return?

Over the June quarter of this year the average interest rate paid by someone with a mortgage was 4.2%. This was down from 4.9% one...

Numbers 1 - 8 against a pink background
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 rea...

Calculator and pen sitting on printed graph
09 September 2020

Structural falls in interest rates are almost over

You might think that as an economist I tell people what I think is going to happen. There are certainly elements of that, and gene...

07 September 2020

Mortgage rates set to go under 2%

Following the recent speculation around New Zealand’s Official Cash Rate heading into the negatives, economists are expecting that we could be seeing home loan interest rates drop below 2% for the next couple of years.

27 August 2020

What happens with negative interest rates?

Two weeks ago, the Reserve Bank made a point of noting that they are actively examining how a negative interest rates policy might work.

26 August 2020

Is New Zealand's OCR heading below zero?

In recent months there’s been a good deal of speculation that New Zealand's Office Cash Rate (OCR) might drop below zero next year. It's already sitting at 0.25% and it’s expected to move downwards to stimulate activity in the economy.

13 August 2020

The good and bad from the new lockdown

I recently talked about interest rates reducing further. Now, courtesy of the change in New Zealand's Alert levels, the chances have both gone up, and down that this will happen