- New Zealand homeowners are being told to fix their interest rates now if they want to avoid a looming increase.
The United States Federal Reserve has increased its interest rate by a quarter of a percentage point, a move that happened earlier than some commentators had expected.
International interest rates drive New Zealand’s long-term rates, which have already started to move up. The median five-year rate available in the market is 5.87 per cent. One-year rates are still available below 5 per cent.
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