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Interest rate news

Interest rates are falling, so why did mortgage arrears hit an eight-year high?
Mortgage arrears at their highest level since March 2017.

Property investors are back, borrowing almost twice as much as a year ago
Will they send house prices through the roof again?

Waiting to fix in ’26 could cost mortgage borrowers more, analyst says
Rate relief is here! Or is it?

ASB drops some mortgage rates
Big bank says competition on interest rates is fierce.

‘Over $400 a month’: Economists see mortgage savings boost to economy in 2025
Two economists have crunched the numbers on mortgage costs in 2025 and the news is good.

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

Apartment developer declares insolvency owing $3.76m
Unexpected cost rises, Covid delays, cooling market blamed for development failure.

ANZ follows rivals, cutting mortgage and savings rates
Bank's one-year fixed mortgage rates particularly competitive.

QV figures: How much has your home lost since the market peak?
We can't say 'peak to trough' because we don't yet know if we have hit rock bottom.