Mortgage rates are "set to fall dramatically" as a result of the destructive Christchurch earthquake which hit last week, according to some economists. This means next week's Monetary Policy Statement from the Reserve Bank is likely to be interesting with cuts in the Official Cash Rate expected by most banks.
We also look at ANZ's share of the mortgage market which probably continued to slide in the December quarter even as a big drop in charges for bad loans boosted profitability.
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.