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.
Short, yes, but how short?
Short, yes, but how short? Mortgage advisers are recommending borrowers to put their borrowing on a short leash as interest rates slide but one-year rates are generally less expensive than six month terms and the floating rate is higher again.
Breaking fixed rate contracts could save you money
Mortgage rates have dropped so sharply that some borrowers will save money by breaking out of high-cost fixed rate contracts according to one of New Zealand’s leading mortgage brokers.
Borrowing strategies changing
Borrowing strategies for people with home loans are changing as New Zealand starts on the next part of its interest rate cycle.
Floating rates find legs
After months soaring at well over 10%, floating mortgage rates are now firmly in sub-10% territory. Lenders have been cutting hard and fast since the Reserve Bank reduced the official cash rate (OCR) by 100 basis points two weeks ago to 6.5%.
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.
Ryan
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.
Jo
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.