Should You Fix Your Mortgage Now or Wait? Use This Free Tool to Decide 

Just rolled off a fixed mortgage rate and feeling stuck? 

You’re not alone. Many Kiwi homeowners are asking: 

“Should I fix my rate again now — or wait for something better?” 

Let’s face it — floating rates are often higher, but fixing too early might mean missing out. 

That’s exactly why we’ve developed a free tool to help you decide, with numbers — not guesswork. 

A Real Example From One of Our Clients 

• Mortgage balance: $800,000 
• Fixed term ended: June 1st, 2025 
• Repayment: Principal & interest, monthly 
• Loan term: 28 years 
• Current floating rate: 5.9% 
• Current 1-year fixed rate (his bank): 4.99% 
• Other banks already offering: 4.89% 

What the Tool Revealed 

After entering his data into our calculator, here’s what we found: 

• If he can get a 4.89% fixed rate within 35 days, it’s worth waiting. 
• If he waits just 10 days, he could save $574.72 over the next year — just by timing it right. 

That’s the power of knowing your wait limit. 

Why This Tool Is Useful Right Now 

Different banks react to rate cuts at different speeds. Some move fast, others lag. 

This tool won’t predict the market — but it tells you exactly how many days you can wait without losing money. 

No more “I’ll wait and see” — now you can “wait with a plan.” 

Want to Try It For Yourself? 

We’ve made this tool available for free. 

Simply scan the QR code below to get it instantly. 

H2 Frequently Asked Questions (FAQ) 

1.  How do I know if I should switch from floating to fixed mortgage now? 

Use our free decision tool. It calculates whether fixing now or waiting will save you more interest — based on your loan amount, rate, and time frame. 

2.  Is floating mortgage always more expensive than fixed in New Zealand? 

Not always. Floating rates are generally higher, but in a falling rate environment, they can offer flexibility. What matters most is how long you plan to stay on it — and that’s where our tool helps. 

3.  Can I fix my mortgage with a different bank? 

Yes, refinancing to another lender is possible and may give you access to lower rates or cashback offers. We can help you assess if it’s worth the switch. 

4.  How often do banks change fixed mortgage rates? 

There’s no fixed schedule. Some banks move faster than others when market rates change. That’s why having a tool to compare timing is valuable. 

5.  Will using this calculator affect my credit score? 

Not at all. This tool is purely for planning purposes — no application, no credit check involved. 

Disclaimer: The content in this article is for general information purposes only and does not take into account your personal financial situation, goals, or risk profile. It does not constitute personalised financial or lending advice. Before making any decisions, we recommend speaking with a licensed mortgage adviser to receive guidance tailored to your specific needs.