What can you expect from this report?
👉 Current interest rates from the major banks
👉 The latest interest rate changes from the major banks
👉 Our latest interest rate predictions for the next 4 years
👉 Additionally, you'll gain insights from Pete, Opes Mortgages, who will provide an analysis of the current trends in interest rates and the New Zealand property market.
Mortgage interest rates dropped a lot in October. But they didn’t change much in November. Only the 6-month rate got a big cut. The average bank currently offers 5.99% for 6 months after you negotiate.
Learn More
Mortgage interest rates tumbled over the last month. The 6-month rate fell 0.34%. The 1-year rate fell 0.39%.
Learn More
The speed of interest rate cuts slowed this month. The average bank only cut 0.03% off their 18-month rate in the last month. And 0.17% off the 1-year rate.
Learn More
The Reserve Bank cut the OCR for the first time in 4 years. That kicked off a round of interest rate cuts from the banks.
Learn More
So much happened over the last month. Inflation fell to 3.3%. That’s lower than the Reserve Bank thought it would be. They thought 3.6%.
Learn More
A few banks dropped their interest rates over the last month. Not huge drops. These banks are just following the other big lenders to meet the market.
Learn More
Nothing changed last month. After a lot of frenzied cuts, no bank has changed their advertised rates in the last 3 weeks. The trajectory is still (slowly) down.
Learn More
Interest rates are falling. The falls are small and slow. But they are there. Last week, three major banks (BNZ, KiwiBank and ASB) dropped some of their rates.
Learn More
Interest rates fell in March. All major banks have dropped some of their interest rates since 1st March. And no banks increased their rates over that period.
Learn More