A look back over home loan rates over the past five years shows huge range they have traded in. The good news out of today's OCR announcement is that the Reserve Bank doesn't expect rates to peak at the same sort of lofty levels they reached in 2008.
Also the graph shows that five year rates have been the least volatile, while at the other end of the yeild curve floating rates have gone from one extreme to the other.
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.