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Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.

29 August 2024

With interest rates on a downward slope, beware of fixing longer-term

Bank mortgage rates have been tracking downwards in the wake of the RBNZ's OCR cut. With longer-term rates sitting much lower than shorter-term fixed rates, borrowers need to be wary of that temptation.

Round yellow "CAUTION!" sign painted on concrete
15 August 2024

RBNZ cuts OCR by 0.25%, lower rates officially on the way

We're officially in a falling rate environment, after the Reserve Bank delivered a 0.25% cut to the Official Cash Rate this week, taking it from 5.5% to 5.25%.

Two pairs of feet resting
08 August 2024

Wholesale rates continue to fall—when will that flow through to mortgage rates?

Wholesale rates are still tracking down in response to ongoing weak economic data in New Zealand, and recent concerns that the US may be headed into recession. So what does that mean for mortgage rates?

Wooden mannequin holding a question mark
01 August 2024

With wholesale rates tracking down, OCR falls could come sooner than later

Wholesale rates have fallen steadily in recent weeks, reflecting the market's prediction of rate falls in November—if not sooner. What does that mean for anyone refixing their mortgage right now?

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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.

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Ryan

New Zealand

five star revews

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.

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Jo

New Zealand

five star revews

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.

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