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Today's Mortgage Rates

Banks do the limbo

Friday, November 16th, 9:06AM  Add your comment

It's been a pretty eventful week with most of the banks getting into the summer spirit and doing the limbo with interest rates. We've seen record low fixed interest rates set by a number of banks during the week. The only two not to join the party are Kiwibank and BNZ; however we are hearing stories that Kiwibank are writing loans under 4%. The irony is Kiwibank started the sub-4% dance in mid-August. 

Its relatively-new CEO Steve Jurkovich did say earlier this year he was "not a massive fan of being rates driven". See here

To get a good look at how the one-year term is looking we have the table sorted lowest to highest here.

Westpac have put out its latest Home Truths report and says that house prices will rise over summer and begin to fall in 2020. [READ ON]

 

Long term house price outlook negative: Westpac

Thursday, November 15th, 10:20AM

Current low interest rates are likely to sustain house price growth in the near term, but rising rates from 2020 onwards will trigger a fall in the market, economists at Westpac have warned.

LVR loosening under review: Bascand

Wednesday, November 14th, 10:45AM

Reserve Bank deputy governor Geoff Bascand says the central bank is assessing whether current LVR restrictions are appropriate, following a stabilisation in house prices and bank credit tightening.

Changes from last:

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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 4.45 4.85 4.79 4.99 5.55 5.69 5.90
ANZ Special - - 3.95 - 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 - - 4.15 - ▼3.99 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% - - 3.85 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 - 4.19 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 4.50 ▼4.10 4.29 4.35 4.49 4.99 5.19 5.75
The Co-operative Bank - Standard 5.75 5.00 ▼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 - - ▼3.95 4.15 4.29 4.49 - 4.99 -
Median 5.89 4.99 4.45 4.69 4.69 4.79 5.29 5.49 5.88

Last updated: 15 November 2018 10:05am

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