National Bank has hiked up it one-year rate by 16 basis points to 6.15% and its 18-month rate by 15 points to 6.60%. National Bank last increased its one-year rate back in October and this move means BNZ is now offering the lowest rates for this term at 5.99% through to 6.09%.
In mortgage rates news mortgagee sales are at historically high levels and numbers are expected to remain high in the New Year. One in four of the total mortgagee sales are from mum and dad homeowners with one property.
Also, click here to read our economists review of the past year.
