Photo: Getty ImagesThe big interest rate question this year will probably be when interest rates start to rise materially again, but borrowers might want to fix their home loans soon, forecasters warn. BNZ chief economist Mike Jones said interest rates would likely be on hold for now. ‘‘I think we’re in a position we can probably draw a line under the downtrend in mortgage rates, but we can’t see mortgage rates jumping a whole lot any time soon either. ASB economists said the OCR and mortgage rates were now lower than they had expected in forecasts made early last year. ‘‘Longer-term NZ mortgage rates eased over 2024 to reflect the combination of the global and local outlook.
