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.
Equity release mortgages slow
Demand for home equity release mortgages slowed down towards the end of last year although the market still grew by 60% over the year, according to the second detailed analysis of the industry by actuary Trowbridge Deloitte.
Market perceives that Bollard softens the rhetoric
Reserve Bank governor Alan Bollard left interest rates unchanged as expected, acknowledging the weakening economy but saying short-term inflation pressures remain persistently high.
The official cash rate (OCR) unchanged at 8.25%
Reserve Bank Governor Alan Bollard said: "Economic activity has weakened more markedly than expected in the Bank's March monetary policy statement.
No rate relief likely this week
Nobody expects Reserve Bank governor Alan Bollard to change interest rates this week, despite the fast-weakening economy, because inflation pressures are still far too strong.
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.