Feature article
Mortgage rate decisions a key theme for 2025
To fix or not to fix
AI summary
New Zealand borrowers are increasingly favouring short-term fixes and floating rates to capitalise on falling mortgage rates. Only 10% of new loans are now fixed for over a year, a sharp drop from 51% a year ago.
A key theme for 2025 is when borrowers will shift back to longer-term fixed rates. Experts suggest future Reserve Bank cuts may already be priced into current long-term rates, meaning they might not fall much further, creating a crucial decision point.
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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