Three of the main banks have followed Kiwibank and cut their two year rates by more than 20 basis points to the 7.00% mark.
ANZ and National Bank have gone one further and cut their three, four and five year rates by between 45 and 74 basis points. The biggest cut being to ANZ's five year rate which is down from 8.50% to 7.75%.
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.