Inflation is pushing interest rates up

If you’ve been following the news, you’ll know that inflation is back. It’s happening all over the world. And it’s already having an effect on home loan interest rates in New Zealand.

So if you’re about to buy a house or re-fix your loan, and we email you a quote, don’t ignore that email. Open it, and let us know ASAP if you want to take up the offer.

That’s because every mortgage quote has an expiry date.

If you wait too long, you may find the quoted rate is no longer available. We’re seeing weekly rises at the moment, so it really is in your best interests to be decisive.

Then you’ll need to instruct us and allow enough time to work through the bank’s processes and finalise the mortgage. This takes longer than it used to, so don’t leave it till the last minute.

You don’t want be caught out with rising home loan rates when the Reserve Bank pushes up the OCR to squash inflation. Watch your inbox – and act fast.