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Cash rate rises; ANZ moves immediately

Thursday, July 24th, 9:01AM  Add your comment

The Reserve Bank has increased the official cash rate to 3.50% Here is what they said

What the Reserve Bank said about interest rates

Thursday, July 24th, 9:02AM  2 comments

The Reserve Bank has kept its word and increased the official cash rate. It has also indicated there will be a pause in this tightening cycle. Here is what governor Graeme Wheeler said.

[MRadio] OCR preview and more on cash contributions

Monday, July 21st, 8:24AM  2 comments

In Mortgage Rates Radio this week Philip Macalister reports on a new development around bank cash contributions; previews this week's OCR and what it means for borrowers; and has a welcome change of approach from one bank.

Changes from the last:

Lender types:

Term:

Property value:

Loan amount:

Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
AMP Home Loans 6.99 5.89 5.99 - 6.29 6.60 6.99 6.95 6.35
AMP Home Loans $200k+ 6.89 5.79 5.89 - 6.19 6.50 6.89 6.85 6.25
AMP Home Loans LVR <80% - - - - 5.85 6.29 - - -
ANZ ▲6.74 5.95 6.05 6.25 6.49 6.65 6.95 7.15 ▲6.85
ANZ LVR > 90 ▲6.74 6.45 6.55 6.75 6.99 7.15 7.45 7.65 ▲6.85
ANZ Special - - - - 6.09 - - - -
ASB Bank 6.50 5.80 6.09 6.30 6.40 6.65 6.80 6.99 6.50
ASB Bank Special - - 5.95 - - - - - -
BankDirect 6.50 5.80 6.09 6.30 6.99 6.65 - 6.99 6.50
BankDirect Special - - 5.95 - - - - - -
BNZ - Classic - - - - - 6.25 - - -
BNZ - GlobalPlus 6.49 5.89 5.99 6.25 6.39 6.59 6.79 6.99 -
BNZ - Mortgage One 6.90 - - - - - - - 6.40
BNZ - Rapid Repay 6.49 - - - - - - - 5.99
BNZ - Std, FlyBuys 6.49 5.89 5.99 - 6.39 6.59 6.79 6.99 -
BNZ - TotalMoney 6.49 - - - - - - - -
Credit Union Auckland ▲6.70 - - - - - - - -
Credit Union Baywide 6.10 5.70 5.90 - 6.50 - - - -
Credit Union North 6.45 - - - - - - - -
Credit Union South 5.75 - - - - - - - -
6.04 6.55 6.15 - 6.69 7.19 7.65 7.90 6.09
Finance Direct 6.10 6.25 6.45 6.60 6.69 7.10 7.45 7.70 -
First Credit Union 6.45 - - - - - - - -
General Finance 5.95 6.55 6.25 - 6.50 7.10 7.65 7.90 6.09
HBS Bank 6.15 5.80 5.85 5.99 6.20 6.25 - 6.79 5.90
Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
HBS Special - - - - - 5.95 - - -
Heartland 6.45 6.65 6.75 - 7.00 7.60 - 8.30 6.45
Heretaunga Building Society 6.25 - 5.85 - 6.50 - - - -
Housing NZ Corp ▲6.50 - ▲6.00 - 6.30 ▲6.60 - ▼7.00 -
HSBC Premier 6.59 5.65 5.95 - 5.99 6.25 6.89 6.99 6.80
HSBC Premier LVR > 80% - - - - - - - - -
HSBC Special - - 5.85 - 5.85 5.85 - - -
6.40 5.89 5.99 - 6.29 6.29 6.80 6.95 6.40
Kiwibank - Capped 5.65 - 6.50 - - - - - -
Kiwibank - Offset 6.30 - - - - - - - -
Kiwibank LVR > 80% - - - - 5.85 6.29 - - -
Liberty 5.64 - - - - - - - -
Napier Building Society 5.80 - 6.00 - 6.70 - - - 5.85
Nelson Building Society 6.75 - 5.95 - 6.60 - - - -
NZ Home Loans 6.35 5.89 6.09 - 6.40 6.65 6.80 6.99 -
Perpetual Trust 7.70 - - - - - - - 5.70
RESIMAC - lo doc 7.34 - 7.06 - 7.38 7.82 8.22 8.36 -
RESIMAC LVR < 80% 6.34 - 6.06 - 6.38 6.82 7.22 7.36 -
RESIMAC LVR < 85% 7.34 - 7.06 - 7.38 7.82 8.22 8.36 -
RESIMAC LVR < 90% 8.34 - 8.06 - 8.38 8.82 9.22 9.36 -
SBS Bank 6.15 5.80 5.85 5.99 6.20 6.25 - 6.79 6.15
SBS Bank Special - - - - - 5.95 - - -
Silver Fern 5.95 6.00 6.10 - 6.55 7.05 7.50 7.80 6.95
6.60 5.80 6.09 6.30 6.40 6.65 6.80 6.99 6.60
Sovereign Special - - 5.95 - - - - - -
Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
The Co-operative Bank 6.45 6.00 6.00 6.00 6.00 6.25 6.75 6.89 6.20
TSB Bank 6.49 5.85 6.00 6.05 6.19 6.60 6.80 7.00 6.29
TSB Special - - - - 5.80 - - - -
Wairarapa Building Society 6.20 - 5.75 - 5.95 - - - -
Westpac 6.24 5.80 6.09 6.30 6.39 6.65 6.79 6.99 6.50
Westpac - Capped rates - - 6.49 - 6.99 - - - -
Westpac - Offset 6.24 - - - - - - - -
Westpac Special - - 5.95 - - - - - -
Median 6.45 5.89 6.00 6.28 6.39 6.60 6.92 6.99 6.38

Last updated: 24 July 2014 10:31am

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