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.
With sub-5% rates on the horizon, borrowers should seek tailored advice
As we edge closer to the bottom of the interest rates cycle, fixing short-term is no longer (necessarily) the best solution for all—and borrowers should be seeking personalised mortgage advice.
Predictions for NZ interest rates and the OCR in 2025
After a tough few years, we're on the slow road to recovery—and things should continue to look up in 2025. Here are our predictions on interest rates, the OCR, economy and housing market for next year.
Borrowers advised to fix for six months, in anticipation of better rates ahead
Lenders have been quick to react to last week's OCR cut, dropping various fixed-rate terms. Here's what that means for you if you're looking to refix in the coming weeks.
Another double cut takes OCR down to 4.25%
As expected, the RBNZ's final OCR announcement of 2024 brought a 0.50% cut—taking us down to an OCR of 4.25%. Here's what that means for interest rates, and Kiwi borrowers.
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.