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.
Real Estate Institute figures
New Zealand's median house price in March held to its record reached in February and sales activity jumped to its highest level in six years.
Time to fix or stick to floating rates?
Although the traditional response to rising interest rates is for mortgage borrowers to flock to fixed rate loans, that’s not the best move for all but a few, says William Cairns of mortgage banker Cairns Lockie.
Reserve Bank raises OCR to 5.25%
This time around, Reserve Bank governor Don Brash met concensus expectations and raised his official cash rate (OCR) from 5% to 5.25%, the second rise of the current tightening cycle.
Home affordability declines
Home affordability has taken a sudden dive in the past months, due mainly to rising interest rates.
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.