About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds Other Sites:   landlords.co.nz
Join our newsletter

Mortgage Rates Newsletter

Daily Weekly

sharemarket
rss
Daily Commentary

Down they come

Thursday, January 26th 2012, 5:00AM

We have more home loan rate cuts. This time from ASB, Bank Direct and Sovereign. Their changes have been to longer rates (one year plus) and range from 10 basis points to 20 basis points. All the new rates are in our table.

The Reserve Bank has kept the OCR at its historic low of 2.50% today, citing global uncertainty and modest growth in New Zealand. He gave no indication of when hikes will start.

Click here to see what RBNZ governor Alan Bollard said.

Comments from our readers

On 26 January 2012 at 11:32 pm Jeff Royle said:
With Kiwis losing the 'fixed rate' obsession banks are looking to lend so it's not just the markets, it's the demand. Westpac did a 5.49% two year fix for an 85% advance the other day.
Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to MortgageRates.co.nz go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

  
Latest News
 
Compare Mortgage Rates
Compare
from
to
for
To graph multiple lenders, hold down Ctrl key while clicking in list box
Include OCR

How to use this

Find a Mortgage Broker
  Add your company
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 »
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

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.

© Copyright 2012 Tarawera Publishing Limited. All Rights Reserved.