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Today's Mortgage Rates Tuesday, February 9th, 5:17AM There are no mortgage rate changes to advise of today, however in mortgagerates.co.nz news we talk to Kiwibank about why it changed its floating rate yesterday to the second lowest at 5.65%. In Expert views we find that most economists are now pricing an Official Cash Rate hike in June after last week’s unemployment figures which were unexpectedly high and in the spotlight today is John Key’s first major speech of the year at the opening of Parliament, where he will outline his economic plans for the year and changes to the tax system.
Last updated: 9 February 2010 09:38am Click here for full table |
Latest News
Unemployment figures point to a June OCR hike Kiwibank blazing the trail for floating rates Economists debate meaty chunks comment Economists divided on when OCR will rise Bank liquidity requirements could keep rate hikes to a minimum Latest Trends
One-year rates, one year on
One-year fixed interest rates have risen on average 69 basis points, for the major banks combined, since its lowest point in the past year (July 2009). Individually, ASB has made the biggest moves and more often and its one-year rate is now 60 basis points higher than what it was in February 09. Westpac follows closely with a now 50 point higher rate than what it was offering in February 09. National Bank's latest one-year rate of 6.15% is only 36 points higher than its rate of 5.79% it was offering a year ago. MORE » Compare Mortgage Rates
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Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.
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