Results: Mortgage advice
Some fixed rates up, some down, as banks respond to wholesale rate changes
Wholesale rates have climbed significantly over the last couple of weeks, prompting some lenders to increase their longer-term fix...
Mortgage rates largely flat despite OCR fall—now's the time to fix
There's been little to no movement in fixed rates off the back of last week's OCR cut—sending a clear signal that we're at the bot...
OCR drops to 2.25%—bringing us to the bottom of the cycle (probably)
The RBNZ has delivered a further 0.25% reduction at its last OCR announcement of 2025, bringing us down to 2.25%. Here's the outlo...
Borrowers favouring two-year term in wake of latest rate cuts
With most lenders now offering two-year fixed rates of 4.99%, borrowers have been flocking to the two-year term in droves. Does it still make sense to fix shorter-term in the current environment?
Fixed rate hikes reflect market expectations
Mortgage interest rates have now risen by between 1.3% and 1.8% from where they were less than six months ago as banks have reacted to sharp increases in their cost of funds.
Monetary policy tightening soon
Things have changed a bit since my last column discussing interest rates a couple of weeks ago. The state of the pandemic has stalled the growth projections for many economies and how quickly interest rates will go up. But what's in store for New Zealand?
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.
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.