Fixed mortgage rates below 5% are the next benchmark to become increasingly rare. Given we are entering the spring real estate selling season, rising mortgage interest rates are unusual. But sales volumes in the housing market remain very low and the mortgage market is now dominated by refinancing activity. Here is the updated snapshot of the lowest advertised fixed-term mortgage rates on offer from the key retail banks at the moment. Daily swap rates Select chart tabs 1 year % 2 years % 3 years % 4 years % 5 years % 7 years % 10 years % Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA

Source: Stuff September 08, 2022 02:02 UTC