Special rate rise; OCR cut now more likely; New RB data on loans

Mortgage Rates

BNZ has today tweaked its three-year special, adding 10 basis points to the price.

Mortgage lending was up again in May and nearly half of it was in interest only loans, the Reserve Bank’s new, more detailed lending data reveals. [READ ON]

It’s early days yet but economists agree that Brexit has upped the odds for the Reserve Bank to cut the OCR in August. [READ ON]

Keen for the best rate and some cash too?

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.

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New Zealand

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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.

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New Zealand

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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.

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