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Today's Mortgage Rates Friday, May 18th, 1:51AM Add your comment Rates battle moves to new fieldThree banks have made more home loan rate cuts. ASB has trimmed longer term rates; Kiwibank has matched its rivals in the one year term while Westpac has made a number of cuts across the short and mid term maturities.
Last updated: 18 May 2012 11:42am Click here for full table |
Latest News
Kiwibank matches most of the market with across the board mortgage rates Why aren't the banks cutting their floating mortgage rates? BNZ tickles interest in fixed rates ANZ National sharpens rate for Chch borrowers BNZ says it's winning market share in deposits and mortgages Latest Trends
Future interest rate hikes softened
The Reserve Bank has kept the OCR at 2.50% as expected, but had lowered its forecast track for the 90 day bill rate by around 60 basis points (0.6%) to a peak of 4.30% by the end of next year. For borrowers that means floating home loans are not forecast to rise as much as previously forecast. In June the expectation was that the rates would rise 2% in the next 12 months: that figure has now been wound back to 1.4%. 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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