Mortgage Interest Rate Predictions Nz 2024. The reserve bank of new zealand has cut the official cash rate by 25 basis points from 5.50 per. Get insights on interest rate predictions, choosing the right fixed term, and making lump sum repayments to optimize your.
Throughout 2023 and 2024, the official cash rate (ocr) has remained at its highest level since the global financial crisis. Bank economists are tipping a slow and gradual increase in house prices of between 5 and 8% throughout 2024 as soaring immigration during 2023 emerged as the unexpected driver of an.