There's early signs that mortgage rates could be on the downswing again.

New Zealand's wholesale interest rates have fallen sharply over the last month- and both the two-year and ten-year swap rates have dropped.

NZ Herald Wellington business editor Jenee Tibshraeny says banks still have yet to move their rates down, despite these early signs.

LISTEN ABOVE

There's early signs that mortgage rates could be on the downswing again.
New Zealand's wholesale interest rates have fallen sharply over the last month- and both the two-year and ten-year swap rates have dropped.
NZ Herald Wellington business editor Jenee Tibshraeny says banks still have yet to move their rates down, despite these early signs.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.