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Mortgage Rates Newsletter

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Today's Mortgage Rates

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Friday, September 10th, 7:16AM

The effect of the Christchurch earthquake has even rattled mortgage rates heralding a turning point to the current trend of a flattening yield curve which is explained in this graph.

There are no mortgage rate changes to advise of.

 


Major Banks Minor Banks Non-Bank Lenders All Lenders

Last updated: 8 September 2010 11:20am   Click here for full table

Lender ▲ ▼ Floating
▲ ▼		 6 Month
▲ ▼		 1 Year
▲ ▼		 2 Year
▲ ▼		 3 Year
▲ ▼		 4 Year
▲ ▼		 5 Year
▲ ▼		 RC
▲ ▼
BNZ - Classic - - - - - - - -
- - 6.95 - - - - -
Finance Direct 5.95 6.10 6.45 6.99 7.25 7.55 7.75 -
Public Trust 5.99 6.10 6.19 6.55 6.95 7.25 7.55 6.19
Credit Union South 6.00 - - - - - - -
Fidelity Life 6.00 - 6.35 6.90 - - - -
BNZ - TotalMoney 6.09 - - - - - - -
6.10 - - - - - - 6.10
6.15 6.35 6.45 6.69 7.09 7.45 7.70 6.15
SBS Bank 6.15 6.30 6.45 6.70 7.10▼ - 7.60 6.15
ANZ - Simple Variable More 6.20 - - - - - - -
More 6.20 6.30 6.45 6.70 7.10▼ 7.45 - 6.20
National Bank 6.24 6.35 6.45 6.69 7.10 7.45 7.70 6.20
ASB Bank 6.25 6.35 6.45 6.70 7.10 7.45 7.75 6.25
BankDirect 6.25 6.35 6.45 6.70 7.10 - 7.75 6.25
CBS Canterbury 6.25 6.45 6.55 6.99 7.45 - 7.95 6.25
HBS 6.25 6.35 6.50 6.85 7.80 - 8.50 -
Housing Corp 6.25▲ - 6.45 6.70▼ 7.10▼ - 7.70▼ -
Napier Building Society 6.25▲ - 6.50 7.00 - - - -
TSB Bank 6.29 6.35 6.45 6.68 7.20 7.45 7.75 6.29
Credit Union North 6.30 - 6.45 6.75 7.20 - - -
Credit Union Baywide 6.35 6.50 6.60 6.85 7.25 - - -
NZ Home Loans 6.35 6.50 6.60 6.85 7.25 - 7.90 -
Silver Fern 6.35 6.50 6.50 7.25 7.55 7.75 7.95 -
6.35 6.50 6.60 6.85 7.25 7.60 7.90 -
First Credit Union 6.45 - - - - - - -
BNZ - GlobalPlus 6.49 6.40 6.59 6.80 7.25 7.60 7.90 -
BNZ - Rapid Repay 6.49 - - - - - - 6.24
BNZ- Std, FlyBuys 6.49 6.30 6.49 6.70 7.15 7.50 7.80 -
HSBC Premier 6.49 4.99 5.99 6.74 7.09 7.30 7.65 6.85
6.50 6.55 6.65 6.89▼ 7.30▼ 7.65 7.90 6.55
6.50 6.55 6.65 6.89▼ 7.30▼ 7.65 7.90 6.55
General Finance 6.50 6.55 6.65 6.89▼ 7.30▼ 7.65 7.90 6.55
Heretaunga Building Society 6.50 - 6.45 6.70▼ - - - -
Kiwibank - Capped Variable 6.50 - - - - - - -
AMP Home Loans $200k + 6.64 6.15 6.35 6.59 7.00 7.35 7.65 6.00
Credit Union Auckland 6.70 - - - - - - -
Wairarapa Building Society 6.70 - 6.45 7.20 - - - -
AMP Home Loans 6.74 6.25 6.45 6.69 7.10 7.45 7.75 6.10
6.74 6.25 6.45 6.69 7.10 7.45 7.75 -
BNZ - Mortgage One 6.90 - - - - - - 6.65
ANZ 6.95 6.35 6.45 6.69 7.10 7.45 7.70 6.20
Nelson Building Society 6.95 - 6.80 7.30 - - - -
6.95 6.15 6.40 6.65 7.10▼ - - 6.95
NZF 7.20 6.35 6.60 6.95▼ 7.40 7.65 7.90 6.95
NZF (LVR >80%) More 7.45 6.60 6.85 7.20▼ 7.65 7.90 8.15 -
Perpetual Trust 7.70 - - - - - - -
Global Home Loans 7.99 - - - - - - 7.95
Median 6.4 6.35 6.45 6.75 7.18 7.45 7.75 6.25
   
Latest News

Earthquake eliminates chance of September OCR hike

SBS takes margin hit to keep mortgage rates down

Insider Paul Brock to replace Knowles at Kiwibank

NZIER: Pause in OCR till March 2011

OCR expectations knocked back

ANZ mortgage market share dips

Latest Trends
Earthquake to rattle rates

 

The effect of the Christchurch earthquake has even rattled mortgage rates heralding a turning point to the current trend of a flattening yield curve with floating and short-term rates increasing and long-term fixed rates falling.

Expect from here on to see the graph in front of you flipped, as economists expect the yield curve to steepen. The reason for this is that the 7.1 magnitude earthquake that hit Canterbury and the collapse of South Canterbury Finance last week has eliminated any remaining chance of a September Official Cash Rate (OCR) hike according to economists. Most are now not expecting monetary policy tightening until 2011.

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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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