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Experts' Views
Analysis falls in favour of fixing two or three yearsFriday, July 30th, 3:40PM
BNZ has adopted a central rate hike scenario of the peak being 5.5% instead of 6%, with one pause in the cycle in January and another in June next year as a result of yesterday's Reserve Bank statement and recent events.In the BNZ Weekly Overview economist Tony Alexander says modelling this scenario produces an expected floating mortgage rate over the coming year of 6.9%. This compares to the Mortgagerates.co.nz median for the major banks of one year fixed at 6.45%. For two years BNZ forecasts an average floating rate of 7.6% versus the current major bank median of 6.99%. For three years BNZ forecasts an average floating rate of 7...MORE»
Previous News
Looming inflation problem or not?Tuesday, July 13th, 4:26PM
Economic recovery or not? Looming inflation problem or not? Perhaps we really need Paul the Octopus to settle the debate, says ASB. But unless he says something different, the bank's view remains that the economic recovery will continue steadily, not spectacularly. MORE» The seven considerations in deciding to float or fixFriday, July 9th, 12:35PM
Fixed mortgage rates jump lowerMonday, July 5th, 4:18PM
How households react to lower mortgage rates is key, with some suggesting this could lead to more Reserve Bank tightening according to ANZ. MORE»OCR uncertaintyFriday, July 2nd, 10:28AM
With the economy's recovery being so weak and patchy and with major problems still in existence internationally, BNZ believes there's a risk that the Reserve Bank will not raise the cash rate as quickly as it has pencilled in. MORE» RBNZ to be pleased with growthMonday, June 28th, 5:02PM
A simple lesson in how monetary policy worksFriday, June 25th, 2:49PM
RBNZ finally gets a responseFriday, June 18th, 11:40AM
If ASB had not kicked off mortgage rate increases yesterday, then the Reserve Bank would have started thinking in terms of boosting the Official Cash Rate (OCR) 0.5% in July simply to force the response it wants, says BNZ economist Tony Alexander. MORE» |
Latest News
Analysis falls in favour of fixing two or three years Floating rates to rise but not as fast or far as expected Bollard lifts OCR, predicts more moderate pace of increases PRESS RELEASE: RBNZ raises OCR to 3% Economists and markets say interest rates up this week Does weak data mean the RBNZ should stop raising interest rates? |
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Latest Trends
Flattening yield curve
The above graph shows the journey in which the home loan interest rates have taken over the past couple of years compared with the five-year median. With the considerable cuts to long-term fixed rates this month and the increases we saw to floating rates in June this year, the yield curve is starting to show signs of flattening out. MORE » |
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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