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Interest rate news

Bank switching among mortgage holders hits record high
Floating or going short term makes it easier for borrowers to change bank.

Property Insider: Questions about ‘defective’ apartments
How can it be that 19-year-old apartments need $36.6m repairs or $82m rebuilding costs?

Where Auckland rents rose the fastest in 2024
Viewing and listings may be picking up after 'subdued activity' late last year.

Major bank cuts key home loan rate
One of New Zealand's major banks has moved early to cut home loan rates.

Nadine Higgins: Financial lessons I learned from a reno
OPINION: There are things you just don't know about until after.

Popularity of short term mortgage borrowing surges – at a cost
Nearly 90% of new mortgage lending in October was floating or fixed for a year or less.

Reserve Bank governor's warning to homeowners after OCR cut
Borrowers told to curb some of their enthusiasm.

‘Relief heading into Christmas’: How banks reacted to the OCR cut
New Zealand's major banks moved swiftly to cut home loan rates after the OCR announcement.

NZ Herald Live: Christopher Luxon and Nicola Willis speak on OCR news
Christopher Luxon and Nicola Willis speak to media on the OCR news