Following the latest round of rate hikes, the above yield graph illustrates the amount of upward movement made to long-term fixed rates this year, more particularly the past six-months, and it also shows the yo-yo affect as the rates are nearly back to where they were this time last year.
The graph also shows the huge drop in floating rates in the past year and the obvious place to be in the home loan market is still floating or on a short-term basis.
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.