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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]

 

ASB plays down fee-for-service talk

Tuesday, November 20th, 4:25PM

ASB has played down speculation it will follow owner CBA by supporting a fee-for-service model for mortgage advice, following comments made by CBA CEO Matt Comyn to the Royal Commission this week.

ASB predicts mild OCR cycle

Monday, November 19th, 7:00AM

ASB's quarterly outlook for the New Zealand economic predicts "sunny skies ahead", with low rates until the second half of 2020 and a peak of just 2.75% in the next OCR cycle.

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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