Swap Rates Keep Sliding — And Now Banks Are Reacting.
As noted in my last post, falling wholesale funding costs were creating margin for banks to cut fixed rates. We’ve now seen the first moves:
👉 1-year fixed cut to 4.49%.
This follows the sharp drop in the 2yr swap rate (-0.2%), driven by weaker GDP data and markets reassessing the OCR terminal rate.
For borrowers, this shows how quickly sentiment shifts:
▪️ GDP weakness → markets price in lower OCR.
▪️ Swap rates fall → banks sharpen retail pricing.
adviceHQ provides independent financial advice to help clients position ahead of these shifts — capturing opportunities when markets move.
#adviceHQ #mortgagerates #OCR #independentfinancialadvice
Poll: Do you set New Year’s resolutions?
🎉 2026 is almost here!
We’re curious ... how do you welcome it?
Do you set resolutions, follow special traditions, or just go with the flow?
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0% Yes! New Year, New Me
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33.3% Yes - but I rarely stick to them
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66.7% Nah - not for me
Poll: 🗑️ Would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Aucklanders, our weekly rubbish collections are staying after councillors voted to scrap a proposed trial of fortnightly pick-ups.
We want to hear from you: would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Keen for the details? Read up about the scrapped collection trial here.
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85% Same!
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15% Would have liked to try something different
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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78.7% Yes! It's better to regift what I don't need
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21.3% No. It's the thought and effort that matters
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