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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»
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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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Thursday, July 1st, 12:28PM
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Previous News
Thursday, June 24th, 10:38AM
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Thursday, June 17th, 12:14PM
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Thursday, June 10th, 12:59PM
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Thursday, June 3rd, 12:06PM
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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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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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Thursday, May 6th, 3:51PM
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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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