Refixing your mortgage? Watch our latest update first
When your fixed term’s up, it’s a good time to check if your mortgage still works for your lifestyle. We’ll help you refix with the right rate and structure - one that actually fits where you're at now.
Before you lock anything in, check out our latest video to hear what's going on with interest rates. If you want to dig deeper, check out our Guide to Refixing packed with tips and tricks or reach out to your adviser.
Interest rates stated are accurate to the best of our knowledge at the time of filming, and any opinions expressed are JB's own views and are not financial advice. Interest rates are ever-changing, and we're still yet to find a reliable crystal ball. As always, we recommend seeking advice from your Mortgage Adviser before taking any action.
Interest rates stated are accurate to the best of our knowledge at the time of filming, and any opinions expressed are JB's own views and are not financial advice. Interest rates are ever-changing, and we're still yet to find a reliable crystal ball. As always, we recommend seeking advice from your Mortgage Adviser before taking any action.
How interest rates can help guide your next move
One of the questions we get most is...what’s the “best” term to fix for?
We wish it was that simple. But the truth is there’s no single best strategy when it comes to fixing (or refixing) your mortgage – and that’s because where we’re at in the interest rate cycle makes a real difference. It's not about picking the perfect time, it's about making a smart choice for where you're at now.
Check out our latest video - we'll help you figure out what works best.
Best advertised rates by term
6 Months fixed
5.39%
12 Months fixed
4.99%
18 Months fixed
4.95%
2 Years fixed
4.99%
Revolving
6.20%
Floating
6.20%
Rates sourced from MortgageRates.co.nz. Advertised interest rates require a minimum of 20% equity and are subject to change.
T&Cs apply. To view all advertised mortgage rates, check out our interest rates page.
What will my mortgage repayments be?
Work out your regular repayments and how quickly you could pay off your home loan.
What are the benefits of getting a free mortgage review?When it comes to refixing, it's about making sure your mortgage still works for you.
When it comes to refixing, it's about making sure your mortgage still works for you.
You don't necessarily have to switch banks to get a better rate
Your Squirrel mortgage adviser can often renegotiate your mortgage with your current bank, saving you the hassle of switching if you're happy where you are.
If your lifestyle has changed, so should your mortgage
Maybe you've started a family, maybe you've retired. Whatever life stage you're at, make sure your mortgage is structured in the best possible way to suit your needs right now.
Save thousands over the life of your home loan
We're not thinking peanuts here. We're talking tens of thousands of dollars! A review costs you nothing but could save you buckets of money. Seems like a no-brainer. Try our repayment comparison calculator to see for yourself.
Let's review your mortgage
It could make a huge difference - and it's free!
Get the ultimate guide to refixing
We've pulled together all our best refixing, refinancing and restructuring hacks to help you master your mortgage – and likely save yourself thousands.
Useful information and insights
Learn more about how to structure your mortgage and the benefits it can bring from our blog.
OCR & interest rates update – April 2025
On 9th April, the RBNZ dropped the OCR by a further 0.25% to 3.50%—meaning that now, if you look hard enough, you can almost see that 'neutral' OCR on the horizon. Here's how that could translate through to interest rates, and what all the global volatility going on right now means for us here in New Zealand.
Is it better to fix or float your home loan?
In this article we’re looking at how to pick the right fixed home loan rate term in a rising interest rate environment.
Is splitting your home loan a good idea?
When it comes to your home loan there's more than one way to skin a cat. There are different interest rates, loan structures, add-ons, repayment terms and a number of other options that fundamentally alter the way that you manage and repay your loan.
We work with all the banks
And more options means a better deal for you
Don’t just take our word for it
Anonymous
New Zealand
Excellent
Peter
New Zealand
Shiva was amazing, this process was so so simple, so much better than direct with the bank. Thanks
CJ
New Zealand
Dealing with Brad was excellent; he has provided great advice, he is a clear communicator, and has saved us money. We are already working on another refinance with Brad. Cheers Brad/Squirrel!
Richard C
New Zealand
Responsiveness and knowledgeable!