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Revolving Credit Mortgage Rates

Last updated: 8 Sep 2010 11:20am

Mortgage Lender
▲ ▼ 		  Rate
▲ ▼ 		  Product Name   Fees
Global Home Loans   7.95   Line of Credit   Nil
NZF   6.95   Line of Credit   Nil
Southern Cross   6.95   Revolving Credit Facility   Nil
HSBC Premier   6.85   Home Equity   Nil
BNZ - Mortgage One   6.65   Mortgage One   $20.00
Cairns Lockie   6.55   Line of Credit   Nil
eMortgage   6.55   Line of Credit   Nil
General Finance   6.55   Line of Credit   Nil
TSB Bank   6.29   Liberty   $10.00
ASB Bank   6.25   Orbit   $12.00
BankDirect   6.25   FlexiLoan   $3.00
CBS Canterbury   6.25   Everyday Gold   Nil
BNZ - Rapid Repay   6.24   Rapid Repay   $3.50
ANZ   6.20   FlexiPlus   $12.50
National Bank   6.20   Flexible   $12.50
PSIS   6.20   Revolving Credit Facility   $5.00
Public Trust   6.19   Revolving Credit   Nil
Kiwibank   6.15   Revolving   Nil
SBS Bank   6.15   Flexi Loan   Nil
AMP Home Loans   6.10   Flexi-Flat   Nil
Westpac - Choices Everyday   6.10   Choices   Variable
AMP Home Loans $200k +   6.00   Flexi-Flat   Nil
 
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

 
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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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