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Today's Mortgage Rates Wednesday, March 10th, 7:50AM ANZ and National Bank have made considerable cuts to their long-term fixed rates. ANZ has reduced its three, four and five-years by 24, 31 and 16 basis points respectively. Its new rates are now the lowest offered by a major bank by at least one basis point. ANZ's new four-year rate of 8.19% is now the lowest offered by all lenders in our table, followed closely by ASB, Kiwibank and National Bank with 8.20%. National Bank has also cut its three, four and five-year rates albeit by a smaller dose. Its three-year rate dropped 16 points to 7.79%, its four-year rate was cut by 30 points to 8.20% and its five-year rate dropped by 10 points to 8.50%.
Last updated: 10 March 2010 07:47am Click here for full table |
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A decade of rates
The graph shows the significant movement in mortgage interest rates that has been experienced within past decade. Since 2000 the floating rate has peaked at 10.7% in mid 2008. The highest floating rates were 20.5% back in June 1987. 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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