Nz Mortgage Interest Rates Forecast 2024

Nz Mortgage Interest Rates Forecast 2024. Downtrend in interest rates arrives. Nz’s home loan interest rates are higher than they’ve been in at least 14 years.

Rbnz to reduce the ocr to 5.25% at its october meeting, followed by further cuts taking the ocr to 4.5% by may 2025. The ocr is expected to come down sometime between late 2024 and mid 2025, depending on how inflation tracks over the next 12 months.