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.
OCR reduced to 6.5%
The Reserve Bank today reduced the Official Cash Rate (OCR) from 7.5% to 6.5%.
OCR preview: Massive rate cut expected next week
Reserve Bank governor Alan Bollard is likely to cut interest rates by an unprecedented amount next week to counter continuing turmoil in financial markets and the rapidly deteriorating global economic outlook.
Home loan rates expected to fall again
Floating and short term mortgage rates are likely to come down again if, as expected, the Reserve Bank cuts its official cash rate next week.
Adding Kiwi ingenuity to the lending market
The lending industry is in turmoil but one of the directors of a new mortgage management business believes that conditions are favourable for the venture.
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.