Mortgage Rate 2024 Forecast Nz. Westpac expects the official cash rate to remain on hold at 5.5% when the reserve bank of new zealand meets in february and throughout 2024, with a “gradual easing” forecast to start in 2025. New zealand mortgage rates could be heading south by late january if the swaps market is anything to go by.
New zealand mortgage rates could be heading south by late january if the swaps market is anything to go by. Currently, the forecasts for 2024 range from 2.3% price growth to 8%, which are a far cry from the start of the year when the forecasts ranged from a drop of.
