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MORTGAGE RATES

ASB announced on Tuesday its two-year fixed rate is 4.15 percent.
Mortgage Rates

'Every dollar counts': Leading bank cuts two-year fixed mortgage rate as interest rates rise

ASB Bank has dropped it's two-year fixed rate by 0.2 percent.

Financial markets have already priced in an Official Cash Rate of around 3 percent by mid-2023, ASB chief economist Nick Tuffley confirms.
Mortgage Rates

Bank mortgage rates on the rise ahead of Official Cash Rate announcement

Financial markets have already priced in an Official Cash Rate of around 3 percent by mid-2023, ASB confirms.

ANZ is offering a discounted floating rate of 1.68 percent for new build homes.
Mortgage Rates

'More affordable': Leading bank shaves 2.76 percent off its floating rate for customers wanting to build

ANZ is offering the lowest new build floating rate in the market.

Related video: It follows months of increasingly lower interest rates.
Mortgage Rates

'Game-changer': Bank announces sub 2 percent mortgage rate for new-builds

ASB Bank is offering a floating home loan rate of 1.79 percent for new-builds for up to three years.

ASB economist Chris Tennent-Brown says mortgage borrowers should be prepared for interest rates to rise over the next couple of years.
Mortgage Rates

Economist warns interest rate hikes likely in next couple of years

"Our basic view is upward pressure on rates over the next two or three years."

Negative cash rate
Mortgage Rates

Fix or float: The question for mortgage borrowers holding out for a negative cash rate

Economists now expect the Official Cash Rate to fall below zero by mid-2021.