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.
Broker survey results
*Good Returns* conducted a survey of mortgage brokers to find out their reaction to proposals by the ANZ to cut upfront commissions.
Short term rates up, long term rates stable
All the major lenders have now put their floating rate loans up to 10.05% following the latest increase in the official cash rate (OCR) to 7.75%.
Fortnightly payments not necessarily cheaper
Homeowners who are paying their mortgages fortnightly in the belief that they will save thousands of dollars over the long term will be disappointed unless they have their loans set up correctly.
Floating rates crack 10%
Floating rate mortgages have, as predicted, broken the 10% barrier following the latest rise in the Official Cash Rate (OCR) to 7.75%.
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.