Home Loan Rate Report: Upward pressure on mortgage rates resumes

  • Recession concerns have been an opposing force to the inflation fears that have been driving interest rates higher
  • Those concerns saw interest rates retreat from earlier highs over winter, and some mortgage rates were trimmed – particularly the longer-term rates
  • But the RBNZ continues to signal more OCR increases over the year ahead, and the upward pressure on mortgage rates has resumed

Contact us

Chris Tennent-Brown

ASB Wealth Senior Economist

Chris has worked as an economist for ASB and Commonwealth Bank of Australia in Sydney since 2005. His work has involved monitoring and forecasting trends in the New Zealand economy, with a focus on drawing implications for financial markets and investments. Chris is passionate about savings issues, and much of his current work is focussed on broadening peoples understanding of investments. Chris obtained a Bachelor of Commerce at Auckland University, majoring in Economics, and prior to joining ASB worked in the funds management industry for Bankers Trust and BT Funds Management. With over 20 years' experience in finance, Chris has also spent several years farming, and was a New Zealand representative cyclist. When not at work, Chris likes to travel, cycle, and spend time with his family and numerous pets.

Other reports