Mortgage Rates 2024 Forecast Nz. Towards the end of last year, kiwibank was consistent in saying that interest rates had hit their peak, and that a cut to the ocr would arrive in may 2024, with mortgage rates to follow. Bnz’s economists have forecasted that it will drop to 4.75% by mid 2024 then 4% next summer.
Pricing is set for lower rates from may 2024 with a cut to 5.25% fully priced in by august 2024. Video / nz herald / ap analysis mortgage holders are entering 2024 hoping the reserve bank ( rbnz ) will be satisfied it has squeezed their disposable incomes enough to get inflation back in.