- The maximum cashback you can usually get is around $20,000.

- You can typically only get cashback if your loan is $200,000 or more, and not every lender offers them.

- There are a few other terms and conditions, so consult with your mortgage adviser to find the best deal.

It is becoming much easier to get a mortgage.

The servicing test rates are finally starting to drop.

Banks are also loosening some of their other criteria.

Here is a newsletter my colleague Andrew wrote about this.

Whatever happens, Andrew's newsletter will be out on Thursday with all the analysis.

Look out for it – it's called Private Property.

As always, if you need help with your mortgage, hit reply and let me know your situation.

I'll get back to you right away.

P.

S.

This is only the fifth version of this newsletter.

To make it even better, I need your feedback.

I only want to give you the best information (the stuff you actually want).

And as you've seen in this newsletter – I actually listen! So, if anything is missing (or there's data you want to see), hit reply, and I'll see if I can include it in next month's update.

P.

P.

S.

Wondering why you're receiving this email? You signed up for updates on interest rates on the Opes Partners website.

Peter Norris, a certified mortgage adviser with over 10 years of experience, serves as the Managing Director at Opes Mortgages.

Having facilitated over $1.

2 billion in lending for more than 2,000 clients, Peter is a respected authority in property financing.

He's a frequent writer for Informed Investor Magazine and Property Investor Magazine, and was recognized as BNZ Mortgage Adviser of the Year in 2018 and listed among NZ Adviser's top advisers in 2022, showcasing his expertise.

Get the latest on New Zealand interest rates with insights from major banks, predictions for rate changes, and analysis of the Reserve Bank's forecasts.

Nothing changed last month.

After a lot of frenzied cuts, no bank has changed their advertised rates in the last three weeks.

The trajectory is still (slowly) downward.

Interest rates are falling.

The falls are small and slow, but they are happening.

Last week, three major banks (BNZ, KiwiBank, and ASB) reduced some of their rates.

Interest rates fell in March.

All major banks have reduced some of their interest rates since March 1st.

And no banks increased their rates over that period.