KPMG says mortgage rates could rise, even though banks make record profits

Mortgage Rates

Record profit for banks, but mortgage rates could rise: KPMG [READ ON]

Today we have the Reserve Bank's first OCR announcement for the year. It's a little different as it's a Wednesday rather than Thursday and the announcement is not until 2pm.

Also, the media conference is not until 3pm.

You can watch a live stream of the media conference here (it's not live yet)

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