Lower mortgage rates, or higher bank margins?
Declines in fixed interest rates in the US have fed through to some reductions in NZ’s bank wholesale borrowing costs. Will this m...
Mortgage rates | no spring specials in sight, what’s in store for summer?
Costs for banks to borrow money have decreased. Added with the higher lending rates they provide, can banks afford to start cuttin...
What's in store for interest rates after the recent OCR announcement?
Following on from the Reserve Bank’s recent decision to raise the cash rate 0.25% to 5.5% and signal that they don’t plan any more rises, what is likely to happen with bank mortgage rates over the remainder of 2023?
Will there be a return of the 2.99% five year rate?
Where are fixed mortgage interest rates likely to average over the next 5-10 years, and will there be a return of the 2.99% five year rate?
Are Kiwi households tightening up spending habits enough?
For Kiwi borrowers, times are tough and by necessity set to get tougher for those with rates rolling off in the next few months. With the chance of the Reserve Bank nudging the OCR higher by a final 0.25%, should Kiwis be fearing the worst?
Monetary policy tightening may finally have peaked
The Reserve Bank conducted their regular review of New Zealand’s official cash rate this week and rather than increase it by the widely expected 0.25% they took it up by 0.5%.