New Zealand interest rates

Tracking NZ home loan rates is vital for buyers and those refinancing. A current snapshot includes:

- Lowest fixed rate: 3.99% (SBS Bank, 1-year)

- Average 1-year rate: 4.71%

- Average floating rate: 6.01%

Forecasters believe rates are near the bottom of the cycle. Short-term rates may dip slightly in early 2026 before rising, while longer-term rates (2-5 years) are expected to increase soon, providing a window to lock in a mortgage.