Mortgage Rate Predictions 2024 Nz. Average mortgage costs for kiwis are likely to keep rising and approach 5.5% by the start of 2024, asb economists say. Anz’s property april 2024 property focus report predicts that one year fixed mortgage rates will start to decline from september 2024, when they will be 7.1.

Kiwibank chief economist jarrod kerr told oneroof that rapidly rising mortgage rates had hit home. First home buyers face rising prices in 2024, but interest rates are set drop, which could make buying easier.