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MortgageWatch

Little evidence for aggressive interest rate hikes

Friday, July 16th, 4:19PM

Long term fixed mortgage rates continued to tumble this week with NZF and AMP making the most dramatic cuts to four and five year rates of between 65 and 75 basis points. TSB also cut long term rates.  

HSBC reduced its three, four and five-year rates by 20, 24 and 34 basis points respectively.  It now has the lowest fixed rates on offer, albeit with the condition that customers must have a mortgage worth $500,000 or savings of $100,000 to qualify. To see the other mortgage rate changes made by lenders this week click here. In Expert Views BNZ economist Tony Alexander explains the seven considerations that should be made in deciding whether to fix or float and  economists look at uncertainty around the recovery...MORE»

Long term fixed rates slashed

Thursday, July 8th, 12:15PM

Twelve lenders dramatically reduced their long-term fixed rates between two to five years over the last week with four lenders dropping their five-year rate by more than 70 basis points.  

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Banks punch below their weight

Thursday, July 1st, 12:28PM

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Previous News

ASB leads the charge

Thursday, June 24th, 10:38AM

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Banks in mortgage rate stand-off

Thursday, June 17th, 12:14PM

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Don’t panic about the OCR increase

Thursday, June 10th, 12:59PM

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20% of Kiwi’s prepared to skip mortgage repayments

Thursday, June 3rd, 12:06PM

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A week of big news

Thursday, May 27th, 1:23PM

The big mortgage news this week wasn’t around rates, rather it was the announcement from Kiwibank.

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14 lenders increase short-term rates

Monday, May 17th, 5:27PM

After two weeks with no mortgage rate changes, there has been a sudden step-change with 14 lenders increasing their short-term rates over the last 10 days.

 

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Procrastinate while you have the chance

Thursday, May 6th, 3:51PM

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Latest Trends
Flattening yield curve

The above graph shows the journey in which the home loan interest rates have taken over the past couple of years compared with the five-year median.

With the considerable cuts to long-term fixed rates this month and the increases we saw to floating rates in June this year, the yield curve is starting to show signs of flattening out.

 

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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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