Interest rates have near as dammit peaked around the world. NZ and Australia are both at the top of their rate cycles. Rates may be expected to fall later in 2024 or early 2025.
So, what mortgage rates are currently available? Here’s a selection of achievable owner-occupied rates (best rates, larger loans $500k+):
- Variable with redraw: from 5.94% (below 70% LVR)
- Variable with offset: from 6.04% (below 70% LVR)
- 1-year fixed: from 5.79%
- 2-year fixed: from 5.79%
- 3-year fixed: from 5.79%