String of two-year fixes 'best mortgage plan'123RF If you're taking out a new mortgage, you'll find the best value in short-term rates, economists say. Economists predict little movement of interest rates this year. Mortgagerates.co.nz shows a median one-year rate of 4.79 per cent across all lenders, and 4.99 per cent for two years. At ANZ, economists said the two-year rate was starting to look more tempting, but one-year terms still offered better value. Economist Gareth Kiernan, of Infometrics, said retail interest rates had dropped a bit in December.

Source: Stuff January 08, 2018 00:42 UTC