Latest news | MortgageRates.co.nz

Results: Mortgage Rates

Parachuter coming in to land at sunset
29 May 2025

Another OCR cut in the bag—and we're almost at the bottom of the rate cycle

The Reserve Bank dropped the OCR by a further 0.25% this week, down to 3.25%—meaning we're now within reaching distance of the bot...

Hand holding four playing cards
21 May 2025

Another OCR drop expected—will mortgage rates follow suit?

We're a week out from our next OCR announcement on 28 May, and the expectation is that we're in for another 0.25% cut from the RBN...

Close up shot of a man chopping wood
15 May 2025

Why now is a good time to be thinking about splitting your mortgage

Shorter-term rates are expected to get down to around 4.50% in the coming months—while longer-term rates will likely remain relati...

30 April 2025

Just how low could the OCR go?

We're only half a percent off the RBNZ's estimated 'neutral' OCR of 3%. But with all the global volatility playing out at the moment, is there a chance it could get even lower?

Kids playing limbo game in a park.
11 April 2025

With another 0.25% cut in the bag, OCR edges closer to 'neutral'

With another 0.25% OCR cut under our belts, and wholesale rates down off the back of significant global volatility, are we on track for more sub-5% mortgage rates?

Close up shot of a cat peering over the top of a table, with only its eyes and ears visible
02 April 2025

Interest rates holding steady (for now) but OCR expected to bring further falls

With the RBNZ expected to cut the OCR by a further 0.25% on 9th April, that could be the catalyst for the one-year rate to (finally) drop below 5%. Here's what you need to know.

Woman doing yoga, balancing on one foot with other leg stretched behind and arms stretched out in front.
26 March 2025

What the RBNZ’s planned OCR track means for mortgage rates

With a series of small but steady OCR cuts expected over the coming months, here's how that's likely to impact short- and longer-term interest rates—and what that means for borrowers.

Person sitting on a go-kart on a track, heading downhill

Keen for the best rate and some cash too?

We've teamed up with award winning mortgage experts, Squirrel.

With over 1,425 five star reviews on Shopper Approved, Squirrel has helped thousands of Kiwis just like you secure the best possible rate when refixing or refinancing. Squirrel often beats the advertised rates so it's worth getting them to review your mortgage.

shopper approved logofive star revews
R

Ryan

New Zealand

five star revews

The service I got from Squirrel was extremely efficient. They dealt with my loan so easily and achieved a result greater than what I was expecting.

J

Jo

New Zealand

five star revews

Highly recommend Squirrel to sort out a mortgage with the banks takes the hassle out of going to separate banks with so much information they do the hard yards for you - Baz was a superstar and helped me all the way to my new home.

Get a free mortgage review

All fields are required