Mortgage Rates Expected 2024 Nz. We rounded up forecasts from the experts. Heading into 2024, home loan borrowers can feel optimistic that mortgage interest rates will move lower from here, economists say.
Economists believe the reserve bank of new zealand could still pivot the cash rate from as early as august 2024 with most tipping mortgage interest rates reducing towards the end of 2024, but caution is advised as the. He expects higher mortgage rates and a softening labour market will continue to cap borrowing capacity and demand more broadly, limiting the upside for house prices.