We have more significant increases to fixed home loans. ASB and Bank Direct have removed their specials and increased theif fixed rates. The biggest increase being a 34 point jump in the two-year rate.
The Co-operative Bank has also increased rates.
This practice of increasing rates appears to be a pricing move to decrease demand during the holiday period when many bank staff are away.
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.
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.
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.