Mortgage Rates 2024 Forecast Nz Today. 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 2.6% to.
Average mortgage costs for kiwis are likely to keep rising and approach 5.5% by the start of 2024, asb 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.