Feature article
Mortgage rate decisions a key theme for 2025
To fix or not to fix
AI summary
New Zealand borrowers are currently favouring short-term fixes and floating rates to capitalise on falling mortgage rates. Only 10% of new loans are fixed for over a year, a significant drop from 51% a year ago.
A key theme for 2025 is when borrowers will see value in longer-term fixed rates again. Many experts believe future Reserve Bank rate cuts are already priced into current long-term rates, suggesting they may not fall much further. Mortgage lending is expected to continue expanding.
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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