Gillan Claudina

Nz Mortgage Interest Rates Forecast 2024. Increased housing market activity during this period could lead to a ‘bidding war’ among banks, compelling them. Since late 2022, we’ve been predicting that mortgage rates would peak at over 7% this year based on our outlook for wholesale interest rates.

But even this outlook is still too hawkish for some economists. Compare home loan and mortgage rates from major banks.