Rates on the move: NZ Mortgages

June 12, 2024June 10, 2024 by Metropol No Comments

There has been some positive news over the recent weeks for home buyers.

Banks ontinue to bring better offers to the table and lower their interest rates. We’ve seen some special rates dip into the 5.9% range, with other offers in the mid to low 6% looking especially appealing compared to where the rates where 12 months ago.

If your home loan is up for renewal, our advice is to fix it short-term. Rates are still trending downwards, and you do not want to get caught out by locking in for a long period of time, only for much better offers to come up going into 2025.

Refinancing is still a popular option, with many banks offering cashbacks that in some cases can pay your rates and insurance for an entire year. If this is something you have been considering, reach out to the team at NZ Mortgages – we are here to help you make an informed decision for your property and finance goals.