Westpac says that fixed mortgage rates are "currently good value given where we think floating rates are heading. But there is little need to leap in just yet as fixed rates could remain at these levels for a while, or even head lower."
"Those with interest rates linked directly to the swap curve may find swaps with duration 1 year or longer attractive at these levels."
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.