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Housing Market Holds as Rates Dip | Auckland News
Housing prices are flatlining as mortgage rates dip slightly—thanks to falling oil prices easing Middle East tensions. One-year fixed rates sit between 4.75% and 4.99%, while two-year rates hover higher at 5.19% to 5.45%. Though the Reserve Bank may still hike rates next month to hit neutral, cooling inflation gives them room to pause. Homeowners face a classic trade-off: lock in longer for security (costlier) or opt for shorter terms with more risk. Markets expect higher rates than some experts predict, and since long-term rates are already elevated, a shorter fix—or even splitting your…
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