Should you fix your mortgage rate?

We've partnered with NZ Mortgages to provide property seekers with insights to make informed decisions about mortgages.

To fix or float?

Given the current economic outlook, the team at NZ Mortgages recommend fixing interest rates for the short term, such as a one-year to 18-month term. This strategy allows you to take advantage of the current rate stability and provides flexibility for when rates are anticipated to start decreasing.

Looking ahead, rates are expected to slowly come down as we progress into 2024 and beyond. This forecast suggests that borrowers may have opportunities to secure more favourable rates over the next couple of years.

Taking a more personalised approach 

NZ Mortgages highly recommend consultation with an expert mortgage adviser one-on-one for personalized guidance tailored to your specific needs.

By understanding your financial goals and circumstances, an adviser can help you create a mortgage strategy that aligns with your objectives.

The team at NZ Mortgages is made up of experienced mortgage advisers who are ready to assist you in navigating the complexities of the mortgage market. Whether you're a first-time buyer, looking to refinance, or need advice on fixing interest rates, they are here to help.

Get in touch with NZ Mortgages for a comprehensive consultation and gain the confidence to make informed mortgage decisions. 

About NZ Mortgages

At NZ Mortgages, we are committed to empowering you with the knowledge and tools to make wise mortgage choices. As the landscape of interest rates evolves, we'll continue to provide valuable insights to help you secure your financial future. 

Contact us today, and together we'll find the best path forward for your homeownership journey.

Note: The information provided in this blog post is for general guidance purposes only and should not be considered as financial advice. It is recommended to consult with a qualified mortgage adviser or financial professional for personalized advice based on your specific circumstances.