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Mortgage rates ‘as low as they will go’: What’s the best strategy? –

Should you fix for a short time, or lock in for longer? These economists may have the answer.



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Mortgage rates are probably as low as they are going to get, economists say.
Rates have hit record lows over the past year as central banks pumped stimulus into their economies to ward off the financial impact of Covid-19.
But ASBs economists said the improving economy, and rising long-term interest rate around the world, would put pressure on New Zealand rates to rise, particularly for home loans fixed over longer terms.
While the Reserve Bank was likely to want mortgage rates and other borrowing…

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