SBS Bank has raised its one-year home loan rate by 10 basis points to 5.80%.
The attention this week will be on whether other lenders join Kiwibank and BNZ by reducing their floating rates. Later this week we will be publishing our regular update on where economists think the OCR will go to at the next Monetary Policy Statement.
In our news today we report that BNZ is being coy on whether it will drop its anti-broker stance and return to the broker market.
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.