Feature article
The great bank switch
Why record numbers of Kiwi are chasing cash-backs
AI summary
According to Kelvin Davidson of Cotality, borrowers face a key choice: fix mortgage rates for certainty or float to catch the cycle's bottom. Record numbers are also switching banks, chasing generous cash-backs with low break fees.
Property sales are currently outpacing new listings, which could soon reduce buyer negotiating power. While a more consistent recovery is possible in 2026, new Debt-to-Income (DTI) rules will likely prevent another major property boom.
The borrower's dilemma: to fix or to float?
The great bank switcheroo
Spring listings vs. sales
Outlook for 2026
Author
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