2-year fixed home loan rates in New Zealand fall below 6% with ANZ and Westpac at 5.79%.

In New Zealand, two-year fixed home loan rates have fallen below 6%, with ANZ and Westpac offering a rate of 5.79%. While this makes borrowing attractive, experts are divided on long-term benefits. Kiwibank predicts further cuts to the official cash rate, potentially reaching 2.5% by 2026. Mortgage broker Glen Mcleod advises caution, suggesting borrowers consider potential future rate drops before committing to a two-year fixed rate.

September 12, 2024
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