Today's Mortgage Rates
Banks scrap sales incentives
Tuesday, June 25th, 9:52AM Add your comment
No rate changes today after BNZ's cuts yesterday.
There's some interesting news from the lenders, as the Financial Markets Authority and Reserve Bank announced "all banks" have committed to removing front line sales incentives. Find out more here: [READ ON].
New Zealand's banks have committed to ending sales incentives for frontline staff and their managers following pressure from regulators.
Historically low mortgage rates might boost the housing market but they are not the only factor at play in the market, according to ASB economists.
|Mortgage Lender||Floating||6 mth||1 year||18 mth||2 years||3 years||4 years||5 years||RC|
|ASB Bank Special||-||4.49||3.89||3.89||3.85||4.05||4.35||4.45||-|
|BNZ - Std, FlyBuys||5.80||4.99||4.69||4.79||4.59||4.79||5.19||5.39||-|
|BNZ - Mortgage One||6.40||-||-||-||-||-||-||-||7.15|
|BNZ - Rapid Repay||5.85||-||-||-||-||-||-||-||6.74|
|BNZ - TotalMoney||5.80||-||-||-||-||-||-||-||-|
|Westpac - Offset||5.79||-||-||-||-||-||-||-||-|
Last updated: 24 June 2019 8:57am