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Today's Mortgage Rates

Fight back on commissions; New construction lending option

Wednesday, December 12th, 1:02PM  Add your comment

It remains quite on the rates front, but there is plenty happening. One of the really interesting stories at the moment is how the mortgage advice industry in Australia is mobilising to fight changes to remuneration models. [READ ON]

Construction lending is also a topical space with ANZ making some changes and Squirrel entering the market. [DETAILS HERE]

Treasury predicts OCR hike in 2020

Thursday, December 13th, 4:41PM

The Treasury has followed the Reserve Bank and pushed back its prediction for the next OCR hike. The Treasury now expects the OCR will tighten from the 2020/2021 financial year, as New Zealand's major institutions forecast a lower-for-longer rate environment.

Squirrel innovates with construction loans

Wednesday, December 12th, 6:28AM

Mortgage adviser group Squirrel has launched an innovative product to help first home buyers get on the property ladder.

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Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
ANZ 5.79 4.99 4.55 4.69 4.79 4.99 5.55 5.69 5.90
ANZ Special - - 4.05 4.19 4.29 4.49 - - -
ASB Bank 5.80 5.25 4.44 4.69 4.69 4.89 5.35 5.49 5.80
ASB Bank Special - 4.95 3.95 4.29 4.29 4.49 4.95 5.09 -
BNZ - Mortgage One 6.50 - - - - - - - 7.15
BNZ - Rapid Repay 5.95 - - - - - - - 6.74
BNZ - Special - - 4.10 - 4.29 4.49 - - -
BNZ - Std, FlyBuys 5.90 4.99 4.69 4.79 4.79 4.99 5.19 5.39 -
BNZ - TotalMoney 5.90 - - - - - - - -
Credit Union Auckland 6.70 - - - - - - - -
Credit Union Baywide 6.15 5.60 5.20 5.30 5.25 - - - -
Credit Union North 6.45 - - - - - - - -
Credit Union South 6.45 - - - - - - - -
Finance Direct - - - - - - - - -
First Credit Union 5.85 - - - - - - - -
Heartland 6.70 6.90 7.00 - 7.25 7.85 - 8.55 6.70
Heartland Bank - Online - - - - - - - - -
Heretaunga Building Society 5.75 - 4.70 - 4.85 - - - -
Housing NZ Corp 5.80 - 4.69 - 4.79 4.79 - 5.49 -
HSBC Premier 5.89 4.85 3.99 3.99 4.19 4.69 4.99 5.29 6.09
HSBC Premier LVR > 80% - - 3.79 3.85 - - - - -
HSBC Special - - - - - - - - -
ICBC 5.80 4.99 4.59 5.00 4.69 5.09 5.30 5.85 5.70
5.80 4.99 4.55 - 4.69 4.99 4.99 5.09 5.85
Kiwibank - Capped - - - - - - - - -
Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
Kiwibank - Offset 5.80 - - - - - - - -
Kiwibank Special - - 4.05 - 4.29 4.49 - - -
Liberty 5.69 - - - - - - - -
Napier Building Society - - - - - - - - -
Nelson Building Society 6.10 - 5.10 - 5.45 - - - -
Resimac 5.30 - 4.86 - 4.94 5.30 5.50 5.67 -
RESIMAC Special - - - - - - - - -
SBS Bank 5.89 5.25 4.85 5.15 5.05 4.49 5.89 6.09 5.65
SBS Bank Special - 4.99 4.19 4.49 3.95 4.49 4.89 4.89 -
Sovereign 5.90 5.25 4.45 4.69 4.69 4.89 5.35 5.49 6.35
Sovereign Special - 4.95 3.95 4.29 4.29 4.49 4.95 5.09 -
The Co-operative Bank - Owner Occ 5.75 4.10 4.10 4.29 4.35 4.49 4.99 5.19 5.75
The Co-operative Bank - Standard 5.75 4.60 4.60 4.79 4.85 4.99 5.49 5.69 5.75
TSB Bank 5.80 5.35 4.45 4.69 4.69 4.99 5.45 5.49 5.80
TSB Special - 4.85 3.95 4.19 4.19 4.49 4.95 4.99 -
Wairarapa Building Society 5.70 - 4.85 - 4.99 - - - -
Westpac 5.95 4.99 4.69 4.79 4.79 5.19 5.29 5.49 5.95
Westpac - Offset 5.95 - - - - - - - -
Westpac Special - - 4.15 - 4.29 4.59 - - -
Median 5.89 4.99 4.50 4.69 4.69 4.79 5.29 5.49 5.88

Last updated: 2 December 2018 8:39pm

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