Results: Mortgage 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...

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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 b...

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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...

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 generally that is what people look for. But the way to do this is remind people about the long-term underlying forces in play.

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.

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.