Feature article
To float or fix long (or short)?
Which mortgage type is best in the current market
AI summary
Deciding between floating and fixed mortgage rates is increasingly complex for Kiwi borrowers. While short-term rates were popular, Reserve Bank data now shows a split, with more people choosing longer-term fixes for certainty as the Official Cash Rate potentially nears its low point.
Borrowers must weigh the security of a longer fixed term against potential future rate drops. The market also sees many first home buyers using low-deposit loans and some impact from Debt-to-Income (DTI) limits.
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