Results: Mortgages
Borrowers favouring two-year term in wake of latest rate cuts
With most lenders now offering two-year fixed rates of 4.99%, borrowers have been flocking to the two-year term in droves. Does it...
Two-year fixed rates dip below 5%
A flurry of rate cuts following last week's OCR announcement has seen two-year fixed mortgage rates finally break the sub-5% mark....
Reserve Bank kicks off 2025 with a 0.50% OCR cut, taking us down to 3.75%
As promised late last year, the RBNZ delivered another 0.50% OCR cut on 19 February. Let's dive into what the move means for mortg...
Is interest rate relief on the horizon?
According to bank economists, rate falls are now pretty much a given by November—but ahead of our next OCR announcement, on 14th August, there's a growing argument it could happen even sooner.
Borrowers should concentrate on managing risk — not rate chasing
Chances are good that the official cash rate will be cut before the end of 2024 and even by the middle of next year. But should borrowers be focusing on trying to predict the ups and downs of the rates cycle?
Is another OCR hike needed to tame inflation?
Some forecasters believe the Reserve Bank will need to raise the official cash rate from the 5.5% level they took it to in May. But is another hike really as necessary as some make it out to be?
Once bitten, twice shy
While the annual inflation rate came in lower than anticipated at 5.6%, the Reserve Bank is unlikely to ease monetary policy anytime soon — and until wage growth heads back down to 3.5%, they may not even consider it. So what does this mean for Kiwi?
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.
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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
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