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Interest rates might have started to rise but what home loan borrowers pay in interest is likely to keep falling through this year.
BNZ chief economist Mike Jones said while 2025 was the "year of the refix" - with 81 percent of fixed-rate mortgage borrowers refixing, the highest percentage in 13 years - there was still more activity to come this year.
Over 2026, 68 percent of fixed rate loans were due to come up for renewal.
"It
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