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

Mortgage Rates Newsletter

Daily Weekly

sharemarket

Latest Mortgage Rates

rss
  • To find the best rate use the arrows to sort the table in ascending/descending order.
  • Find out more about a lender by clicking on their logo.
  • To graph comparisons click here
  • This week's rate changes are highlighted

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 6.49 5.55 5.69 - 6.29 6.40 6.99 7.20 5.60
AMP Home Loans $200k+ 6.39 5.45 5.59 - 5.99 6.30 6.89 7.10 5.50
AMP Home Loans LVR <80% - - - - 5.99 - - - -
ANZ 5.99 5.49 5.85 5.99 6.49 6.85 7.19 7.40 6.10
ANZ LVR > 80 5.99 5.99 6.35 6.49 6.99 7.35 7.69 7.90 -
ANZ Special - - - - 5.95 - - - -
ASB Bank 6.00 5.55 5.85 5.99 6.49 6.85 7.19 7.40 6.00
ASB Bank Special - - - - - - - - -
BankDirect 6.00 5.55 5.85 5.99 6.49 6.85 - 7.40 6.00
BankDirect Special - - - - - - - - -
BNZ - Classic - - - - 5.95 - - - -
BNZ - GlobalPlus 6.19 5.55 5.85 5.99 6.29 6.29 7.19 7.40 -
BNZ - Mortgage One 6.60 - - - - - - - 6.40
BNZ - Rapid Repay 6.19 - - - - - - - 5.99
BNZ - Std, FlyBuys 6.19 5.55 5.85 - 6.29 6.29 7.19 7.40 -
BNZ - TotalMoney 5.99 - - - - - - - -
Credit Union Auckland 6.20 - - - - - - - -
Credit Union Baywide 5.85 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
Fidelity Life 5.70 - 5.40 - 6.00 - - - -
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
Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
HBS Bank 5.90 ▲5.40 ▲5.60 ▲5.85 ▲5.99 ▲6.35 - ▲6.99 5.90
HBS LVR > 80% - - - - - - - - -
Heartland 5.95 6.15 6.25 - 6.50 7.10 - 7.80 6.25
Heretaunga Building Society 5.75 - 5.50 - 6.30 - - - -
Housing NZ Corp 5.75 - 5.50 - 6.30 6.40 - 7.20 -
HSBC Premier 6.24 5.39 5.59 - 6.29 6.55 6.99 7.20 6.35
HSBC Premier LVR > 80% - - - - - - - - -
HSBC Special - - - - 5.79 - - - -
5.90 5.55 5.69 - 5.99 6.40 6.99 7.20 5.90
Kiwibank - Capped 5.65 - 6.50 - - - - - -
Kiwibank - Offset 5.60 - - - - - - - -
Kiwibank LVR > 80% - - - - 6.29 6.40 - - -
Liberty 5.64 - - - - - - - -
Napier Building Society 5.80 - 6.00 - 6.70 - - - 5.85
Nelson Building Society 6.45 - 5.95 - 6.60 - - - -
NZ Home Loans 6.10 5.35 5.69 - 6.29 6.60 6.99 7.20 -
Perpetual Trust 7.70 - - - - - - - 5.70
RESIMAC - lo doc 7.34 - 7.14 - 7.49 8.05 8.20 8.29 -
RESIMAC LVR < 80% 5.84 - 5.64 - 5.99 6.55 6.70 6.79 -
RESIMAC LVR < 85% 6.84 - 6.64 - 6.99 7.55 7.70 7.79 -
RESIMAC LVR < 90% 7.84 - 7.64 - 7.99 8.55 8.70 8.79 -
SBS Bank 5.90 ▲5.40 ▲5.60 ▲5.85 ▲5.99 ▲6.35 - ▲6.99 5.90
SBS LVR < 80% - - - - - - - - -
Silver Fern 5.95 6.00 6.10 - 6.55 7.05 7.50 7.80 6.95
5.95 6.15 6.25 - 6.50 7.10 - - -
Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
6.10 5.55 5.85 5.99 6.49 6.85 7.19 7.40 6.10
Sovereign Special - - - - - - - - -
The Co-operative Bank 5.95 5.55 5.65 5.85 5.99 6.35 6.85 7.10 5.95
TSB Bank 6.04 5.35 5.40 5.85 5.99 6.40 6.99 7.20 5.79
Wairarapa Building Society 6.20 - 5.75 - 5.95 - - - -
Westpac 5.74 5.50 5.85 5.99 5.95 6.85 7.19 7.40 6.00
Westpac - Capped rates - - 6.19 - 6.69 - - - -
Westpac - Offset 5.74 - - - - - - - -
Median 6.00 5.55 5.85 5.99 6.29 6.85 7.19 7.40 6.00

Last updated: 15 April 2014 9:01am

This table is updated regularly and is intended as a brief guide to residential loans on owner-occupied properties in New Zealand. Users are advised to confirm the rates and conditions that will apply in your particular situation directly with the lender.

Terms explained

Floating rate: also known as the variable rate. This fluctuates according to market conditions.
Fixed rate: this rate applies for the length of the loan, which is fixed for a set period. We have given a sample of fixed rate periods only: many lenders offer fixed rate loans for as little as six months, while some go out to seven years.
LVR: this stands for the loan to value ratio and is the maximum percentage of a property's value that the institution will lend to. Check with the lender for any special conditions. Many, for example, may require you take out mortgage insurance if the LVR is over a certain level, or there may be other restrictions such as lending for apartments, which can be to a much lower LVR.
Capped rate: the maximum rate that will apply to a loan during its capped period. If the floating rate drops below the capped rate applicable then the lower floating rate will apply instead. There is no penalty for paying off lump sums, totally repaying the loan or for increasing your payments.

For enquiries about this page contact

   
Find a Mortgage Broker
  Add your company
Latest Trends
Westpac predicting rates to rise faster than forecast

In its recently released quarterly economic overview report, Stephens writes that Westpac’s prediction is for 90-day interest rates to rise much faster than either the Reserve Bank or the market expects.

It picks the first move in interest rates to happen in June 2013, when it says the OCR will still be at 2.50%.

By 2014, Westpac expects 90-day rates to be 4%. By comparison, the RBNZ tips them to have barely moved at 2.75% and the swaps market implied pricing puts them even lower, at just over 2.50%.
By 2015, Westpac expects rates to be over 5%.

Stephens’ report said that the Christchurch rebuild would make it hard for New Zealand to avoid substantial inflation.

“The inflation figures suggest that central co-ordination of small to moderate repairs – the bulk of the activity to date – has been effective in limiting construction cost inflation. This is unlikely to remain the case as major repairs and rebuilds take over as the main form of activity.”

He pointed to the fact that new housing in the Canterbury region has already risen roughly 10% over the past year.

Stephens said he expected home loan rates to follow the same trajectory as 90-day rates. They might stay on hold for another year or so but then would have to rise.

“Floating rates may not rise quite as rapidly as 90-day rates because at the moment banks have to pay a higher margin to procure funds from overseas. That pressure might come off.”
But he said it was unrealistic to expect the current historic lows to continue past 2013.

MORE »

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 2014 Tarawera Publishing Limited. All Rights Reserved.