Feature article
Mortgage rate decisions a key theme for 2025
To fix or not to fix
AI summary
New Zealand borrowers are increasingly choosing short-term fixes and floating rates to capitalise on falling mortgage rates, a major shift from a year ago.
The key question for the year is when borrowers will see value in locking in longer-term rates. Experts suggest future Reserve Bank cuts may already be priced into current rates, meaning they might not fall much further.
This trend accompanies a rise in overall mortgage lending, driven by house purchases and bank switches.
However, there are a number of other interesting aspects to these figures:
Which brings us to the key question facing borrowers: to fix or not to fix?
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