Feature article
Nearly 40% of property owners face mortgage rate resets in the next six months
What the Reserve Bank's split decision means for your household budget.
AI summary
The Reserve Bank narrowly kept the OCR on hold, but future rate rises are strongly indicated, signalling an end to the era of falling mortgage rates for Kiwi homeowners.
A significant number of property owners will soon feel the impact, with nearly 40% of existing mortgages due for a rate change within the next six months. In response, many borrowers are shifting to longer two-year fixed rates for stability. While a massive rate spike seems unlikely, households must prepare for higher mortgage costs.
A split decision at headquarters
What this means for your back pocket
The six-month countdown
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