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Today's Mortgage Rates

No changes, so what's the best rate?

Monday, May 22nd, 10:34AM  Add your comment

There continues to be very few changes to home loan rates at the moment. What's the best option currently?
Here's what Westpac said in today's economic update: "For borrowers with a deposit of 20% or more, the best value lies in the two-year rate or shorter terms. Three to five-year rates seem high relative to where we think short-term rates are going to go over that time. That said, these rates are most likely to be pressured higher by global market trends, so borrowers who prefer the security of a longer term still have a chance to lock in at historically quite low levels."

Here is the two-year rates from lowest to highest.

Surprise at RBNZ’s OCR outlook

Thursday, May 11th, 10:26AM

The Reserve Bank’s decision to hold the OCR at 1.75% was expected, but economists are surprised at its projection the OCR will remain on hold until late 2019.

No change to OCR: What RB said today

Thursday, May 11th, 9:00AM

Changes from last:

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Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
ANZ 5.79 4.99 4.99 5.15 5.35 5.59 5.89 6.09 5.90
ANZ Special - - 4.49 - 4.85 - - - -
ASB Bank 5.80 5.35 4.85 5.10 5.14 5.49 5.89 6.09 5.55
ASB Bank Special - 4.95 4.45 4.70 4.74 5.09 5.49 5.69 -
BankDirect 5.80 5.35 4.85 5.10 5.14 5.49 - 6.09 5.55
BankDirect Special - 4.95 4.45 4.70 4.74 5.09 - 5.69 -
BNZ - Mortgage One 6.50 - - - - - - - 7.15
BNZ - Rapid Repay 5.95 - - - - - - - 6.74
BNZ - Special - - 4.59 - 4.79 5.09 - - -
BNZ - Std, FlyBuys 5.90 5.35 4.99 5.05 5.19 5.49 5.89 6.09 -
BNZ - TotalMoney 5.90 - - - - - - - -
Credit Union Auckland 6.70 - - - - - - - -
Credit Union Baywide 5.95 5.55 5.10 5.30 5.25 - - - -
Credit Union North 6.45 - - - - - - - -
Credit Union South 6.45 - - - - - - - -
Finance Direct - - - - - - - - -
First Credit Union 5.85 - - - - - - - -
Heartland 6.70 6.90 7.00 - 7.25 7.85 - 8.55 6.70
Heartland Bank - Online - - - - - - - - -
Heretaunga Building Society 5.75 - 5.00 - 5.20 - - - -
Housing NZ Corp 5.79 - 4.99 - 5.14 5.49 - 5.89 -
HSBC Premier 5.79 4.85 4.09 4.09 4.29 4.89 5.29 5.59 5.99
HSBC Premier LVR > 80% - - - - - - - - -
HSBC Special - - - - - - - - -
ICBC 5.70 4.99 4.59 5.00 4.69 5.09 5.30 5.85 5.70
Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
5.70 4.99 5.09 - 5.19 5.65 5.75 5.99 5.75
Kiwibank - Capped - - - - - - - - -
Kiwibank - Offset 5.70 - - - - - - - -
Kiwibank Special - - 4.69 - 4.79 5.25 - - -
Liberty 5.69 - - - - - - - -
Napier Building Society - - - - - - - - -
Nelson Building Society 6.10 - 5.10 - 5.45 - - - -
Resimac 5.00 - 4.86 - 4.75 5.30 5.50 5.67 -
SBS Bank 5.79 5.25 4.99 5.05 5.19 5.49 5.89 6.09 5.65
SBS Bank Special - 4.99 4.59 4.85 4.79 5.25 5.65 5.85 -
Sovereign 5.90 5.35 4.85 5.10 5.14 5.49 5.89 6.09 6.35
Sovereign Special - 4.95 4.45 4.70 4.74 5.09 5.49 5.69 -
The Co-operative Bank - Owner Occ ▲5.75 4.80 4.59 4.75 4.85 5.25 5.65 5.85 ▲5.75
The Co-operative Bank - Standard ▲5.75 5.30 5.09 5.25 5.35 5.75 6.15 6.35 ▲5.75
TSB Bank 5.65 4.99 4.80 4.99 5.15 5.45 5.75 5.99 5.65
TSB Special - 4.85 4.55 4.75 4.75 5.15 5.65 5.79 -
Wairarapa Building Society 5.70 - 4.85 - 4.99 - - - -
Westpac 5.84 5.25 4.99 5.15 5.29 5.59 5.89 6.09 5.84
Westpac - Capped rates - - 5.15 - 5.25 - - - -
Westpac - Offset 5.84 - - - - - - - -
Westpac Special - - 4.59 - 4.85 5.09 - 5.59 -
Median 5.80 4.99 4.85 5.03 5.14 5.38 5.75 5.94 5.75

Last updated: 19 May 2017 9:26am

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