New Zealand interest rates

Stay informed on New Zealand home loan rates for buying or refinancing. The current lowest fixed rate is 3.99% from SBS Bank (1-year FirstHome Combo), with the average 1-year rate at 4.71%.

Forecasters suggest we are near the bottom of the interest rate cycle. Short-term rates may fall slightly more before gradually rising through 2026-2027, while longer-term rates (2-5 years) may have already bottomed out and could start increasing soon.