NZ Herald reports fixed mortgage rates have dropped by two percentage points from their peak, but ASB economists warn that long-term rates may not fall much further. Their latest report, released ahead of the Reserve Bank’s upcoming OCR review, suggests slight easing in short-term fixed rates but stability or even potential increases for longer terms. Borrowers face a trade-off between rate certainty, flexibility, and the possibility of further cuts. With interest markets remaining volatile, experts advise a cautious approach to mortgage decisions.
Westpac may cut trail commissions, risking ongoing client support and advice. Key Mortgages delivers 10 years of trusted, ongoing mortgage advice without extra fees.
Couple’s complaint over costly break fees after fixing five-year mortgage at 6.29%–6.66% rejected.
Key Mortgages suggests keeping up higher repayments following fixed mortgage rate to currently 4.49%. Repayments over a 20 year term are now similar to what peak market rates payments were over a 30-year loan term.
Jeremy chats with Andrew from NewsTalk ZB about OCR drops affecting mortgage market, turnaround times, and increasing demand.
Key Mortgages shares detail on how credit rating scores can impact your ability to borrow. Talk to us for more information on how to put your best foot forward with main banks
Kāinga Ora loan premium rises to 1.2% post July; Key Mortgages’ Jeremy Andrews says it’s still a good option for many first home buyers
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