Articles tagged with 'floating rate mortgages'
Short-term mortgage rates now a waste of time
27 February 2025 - There is no great benefit in sticking to floating, six- or 12-month rates for mortgage holders anymore.
Borrowers switch from floating to fixed rates at brisk clip
11 February 2025 - A month is a long time in the home loan world. Between November and December last year new mortgage lending switched swiftly from floating to six-month terms by borrowers taking out new loans.
The squeeze is set to ease
29 January 2025 - Borrowers will save on average between $300 and $460 a month on their mortgage repayments when the OCR drops to 3.25% by the middle of the year.
Warning about fixing short term from top economist
23 January 2025 - The country’s outstanding mortgage book is the shortest it has been in 13 years.
Are Short-Term Mortgage Rates Really Worth the Risk?
21 January 2025 - Chasing short-term mortgage rates might seem like a smart move, but is it really saving you money? Mortgage broker Campbell Hastie breaks down why these...
Jumping off the short-term interest rate bandwagon
21 January 2025 - While borrowers have flocked to floating to one year fixed term home loan rates over the past year in anticipation of interest rate cuts one mortgage broker urges his clients to think about the ramifications carefully.
To fix or not to fix: Mortgage rate decisions a key theme for 2025
15 January 2025 - In recent months, falls in mortgage rates have understandably meant there’s been a strong focus on the ‘short end’ of the curve, with borrowers mostly choosing floating rates or 6-12 month fixes. However, the timing of a possible shift to longer-term fixed rates is shaping up as a key theme in the mortgage market this year.
Floating higher; What's keeping advisers awake at night
1 December 2021 - Following the hike in the OCR floating rates continue to increase; however as there are a decreasing about of loans on variable rates it probably doesn't...
[RESEND] What keeps you awake at night? No jab, no job - legal rights in the workplace
8 November 2021 - The internet gremlins caused a few problems and links in the newsletter failed to work yesterday. We've been busy fixing things. Here is a resend...
TMM roadshow coming: Mark Your Diary today
4 November 2021 - With Auckland in lockdown we have postponed the annual TMM conference until there is some more certainty around holding big events in Auckland. Instead...
ANZ 1.68% new build rate shakes up market
28 June 2021 - ANZ has introduced the lowest mortgage rate in New Zealand, offering a 1.68% floating rate for new build homes.
Simplicity cuts floating rate to 1.9%
18 June 2021 - Default KiwiSaver provider Simplicity has slashed its variable rate mortgage to 1.9%, one of the lowest rates available in the market.
Non-bank floating rates fall
12 February 2021 - Non-bank variable loans will become an increasingly attractive option to investors and first home buyers turned away by the banks, according to Avanti Finance.
Kiwibank ramps up pressure on rivals
26 June 2020 - Kiwibank chief executive Steve Jurkovich says the bank's home lending enquiries have risen by 30% since it cut floating rates, and has called on rivals to follow suit.
Kiwibank cuts 1% from floating rates, rivals cut fixed rates
11 June 2020 - Kiwibank has slashed 1% from its floating rate home and business loans, while ANZ and ICBC have made further cuts to their mortgage offerings.
