- When first-home buyer Pippa Jefferies took out a mortgage recently, she decided to fix the bulk of it.
She liked the security the terms offered, especially as it seemed changes were ahead.
“Given that at the time interest rate increases were on the horizon, being new buyers we wanted to get settled in before exploring other options.”
It seems others have the same idea. New Zealand homeowners are locking in fixed-rate mortgages at an increasing rate, concerned about the prospect of looming interest rate rises.
READ MORE: Mortgage-holders should get ready for rising interest rates – ASB
KEVIN STENT/FAIRFAX NZ
ANZ is one bank that has noticed more borrowers want fixed-term rates.
READ MORE VIA STUFF