Banks’ test interest rates remain high, despite looming official cash rate cuts

ANALYSIS · One-year mortgage rates have fallen to around 6.33%, according to interest.co.nz, having peaked at 7.35% in January. While a rate starting with a six feels

Mortgage rate cuts: First-home buyers weigh up their options

NZ Herald A first-home buyer has welcomed the drop in interest rates thanks to the Reserve Bank’s decision to cut the Official Cash Rate (OCR) by 50 basis points last week but mortgage...

Banks compete for mortgages as rates stay high

the NZ Mortgage Brokers Association. "Most people are facing at least a 1 per cent rise in the interest rates," says Bawden.... "The best thing you can do is give yourself some certainty...

Mortgage relief: How banks responded to OCR cut

“The decreases to our floating mortgage rates, as well as our business banking rates, will... Grant Knuckey, ANZ NZ managing director for personal, said the market had priced in a lot of...

Mortgages | interest.co.nz

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High interest rates see bank-switching among those with mortgages hit record high

Latest from Official Cash Rate ; ASB cuts rates after Kiwibank's move ahead of OCR decision ; Thinking of breaking your mortgage? What you need to know ; Banks stress testing mortgage customers at nearly 9%, despite looming OCR cuts

Compare home loan rates, get the best deal | Mortgagerates.co.nz

We are dedicated to providing the latest mortgage rates, news and mortgage information for New Zealanders. Try our calculators to see if you could be saving on your mortgage, or quickly work out your mortgage repayments.

Will savers be stung more than borrowers benefit from falling interest rates?

Banks were quick to announce cuts to their floating mortgage rates on Wednesday afternoon, as the Reserve Bank (RBNZ) cut the Official Cash Rate (OCR) by 50...

Mortgage rates tumble - New Zealand News - NZ Herald

All five main banks, ASB, BNZ, ANZ, National Bank and WestpacTrust, slashed their floating mortgage rates from 7.2 per cent to 6.7 per cent. . While the rates were good news for new...

Hawkish Reserve Bank unlikely to push fixed mortgage rates higher

Latest from Official Cash Rate ; Liam Dann: Classic Kiwi recovery is on its way ... and it’s not good enough ; Inside Economics: Orr goes to Washington; why markets love low interest rates ; Heather du Plessis-Allan: Cut the crap – the Reserve Bank has stuffed up