Interest Rate Forecast Nz 2024. The interest rates recorded here are simple averages of new customer term deposits with a minimum investment of $10,000 advertised by all registered banks with available. The report predicted 2024 would see up to 18 percent of mortgage holders' incomes being spent on interest repayments.
Average mortgage costs for kiwis are likely to keep rising and approach 5.5% by the start of 2024, asb economists say. 5.25 % official cash rate.