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.
Lenders move to floating rates
New Zealanders are recognising the benefits of paying off their mortgage faster and opting away from fixed to floating rates.
OCR cut to 5%
The Reserve Bank today reduced the Official Cash Rate by 25 basis points to 5.0 per cent.
Bollard gives a bit but signals warning on house prices
Reserve Bank governor Alan Bollard chose the conservative route in cutting the official cash rate (OCR) from 5.25% to 5% today, ignoring pleas for a larger cut.
Keen for the best rate and some cash too?
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New Zealand
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New Zealand
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