News
Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
What economists are saying
Economists are reviewing today's official cash rate announcement and pondering over the meaning of the words. Here mortgagerates.co.nz summaries their views and presents their reports.
Dollar, rates jump after Bollard leaves rates unchanged
Interest rates jumped and the New Zealand dollar soared after Reserve Bank governor Alan Bollard left interest rates unchanged, even though his statement emphasised the economic risks remain weighted to the downside and the high currency is "unhelpful."
Banks should disclose profit margins: Bawden
The banks should be forced to disclose the profit margins on their mortgage books, says Geoff Bawden of Prosper Group, formerly Moneyworkz, and immediate past chairman of the New Zealand Mortgage Brokers Association.
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