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Today's Mortgage Rates Saturday, January 28th, 5:00AM Add your comment Not all rates downTSB has made an unusual move. While it cut most of its fixed rate home loans it actually increased one - its 18 month term. The other change in the table is to NZ Home Loans' rates. They have been updated.
Last updated: 27 January 2012 05:53pm Click here for full table |
Latest News
ASB cuts 1 to 5 year fixed home loan rates Bollard holds OCR steady as US Fed prompts currency jump Westpac and BNZ grow mortgage books Interest rates on hold until at least the second half of 2012 Latest Trends
Future interest rate hikes softened
The Reserve Bank has kept the OCR at 2.50% as expected, but had lowered its forecast track for the 90 day bill rate by around 60 basis points (0.6%) to a peak of 4.30% by the end of next year. For borrowers that means floating home loans are not forecast to rise as much as previously forecast. In June the expectation was that the rates would rise 2% in the next 12 months: that figure has now been wound back to 1.4%. MORE »Compare Mortgage Rates
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Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.
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