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.
How the OCR could double monthly mortgage interest payments
If the official cash rate gets raised from 0.25% to 2.25%, we can anticipate that the one-year fixed rate to go from the current 2.19% to probably close to 4.5% when we allow for banks recovering some of their currently very low lending margins.
Rising global inflation risks
History tells us that ahead of the 2008-09 Global Financial Crisis we economists under-predicted how high interest rates would need to go each cycle. But post-GFC we over-predicted rate rises. Now, we don’t know in what direction our errors will lie.
Why you might be better to break your home loan early
Typically you refix your loan at the end of your loan term, but it can make sense to break a loan and refix for a long term benefit.
Are Kiwis set to head back over the ditch?
Last week the Reserve Bank did something they have not done for a long time. In their regular Monetary Policy Statement they published a set of forecasts for where they see interest rates going.
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.