Results: Mortgage advice
With OCR in stimulatory territory, the lowest possible rate not always best
A one-year rate at 3.99% would be pretty tempting stuff—but before locking in, borrowers should consider what happens when that lo...
The bottom of the interest rate cycle looms closer
With the best one year rate at 4.39% and longer terms below 5.00%, we're getting very close to the bottom of the interest rate cyc...
Another OCR cut expected—could it see the one-year rate dip below 4%?
The market is expecting another OCR cut in November—from 2.50% to 2.25%—and with that, there's now a distinct possibility that we ...
Fixed rate hikes reflect market expectations
Mortgage interest rates have now risen by between 1.3% and 1.8% from where they were less than six months ago as banks have reacted to sharp increases in their cost of funds.
Monetary policy tightening soon
Things have changed a bit since my last column discussing interest rates a couple of weeks ago. The state of the pandemic has stalled the growth projections for many economies and how quickly interest rates will go up. But what's in store for New Zealand?
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.
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.
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.
Ryan
New Zealand
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.
Jo
New Zealand
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.