Nz Mortgage Interest Rates Forecast 2024. 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 growth of 3.3%. Since late 2022, we’ve been predicting that mortgage rates would peak at over 7% this year based on our outlook for wholesale interest rates.
Heading into 2024, home loan borrowers can feel optimistic that mortgage interest rates will move lower from here, economists say. In this article we will look at historical mortgage rates in new zealand to gain a clear picture of how mortgage rates may change by the end of 2023 and beyond.