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Mortgages

Mortgage Rates Daily Commentary
Thursday 2 May 2024  Add your comment
Adviser's share of BNZ's new lending dipped; Mortgage arrears up and still rising slowly

Mortgage advisers accounted for slightly less of Bank of New Zealand's new mortgages in the six months ended March compared with the previous September half year , but adviser share of the overall portfolio continues to grow. [READ ON]

Mortgage arrears continue to climb from recent lows and are expected to rise 0.7% by the end of the year, up from 0.5%, the Reserve Bank’s latest Financial Stability Report shows. [Find out]

 

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Success for the Centre Left means a waiting game for markets

It's the Anderton factor. Just how much pull the Alliance leader has in the Coalition Government is one of the key things financial markets are watching for to determine the effects on the economy and interest rates.

Sunday, November 28th 1999, 12:00AM

by Paul McBeth

It's the Anderton factor: just how much pull he has in the Coalition Government is one of the key things financial markets are watching for to determine the effects on the economy and interest rates.

In the aftermath of Saturday's General Election, Deutsche Bank is saying that the "policy slippage' in the Labour/Alliance programme carrys the risk that it will be negative for New Zealand's economic performance.

"However, any slippage will not be dramatic enough to offset the positive cyclical influences expected to impact on the economy over the next few years."

Deutsche Bank says that of immediate interest to the market will be Alliance leader Jim Anderton's exact role and also the review of the operation of monetary policy scheduled for early next year.

"As Treasurer designate Michael Cullen has stated, neither the Reserve Bank's sole focus on price stability nor the zero to three per cent target range will be up for change.

"However, there is the risk that Alliance leader Anderton will not easily make those concessions, given that a significant tightening in monetary policy next year - which looks increasingly likely given latest inflation indicators - constitutes a key risk to his ambitions in the business development portfolio."

Interviewed on TV One last night, Prime Minister designate Helen Clark said the Coalition Government hoped to tackle a number of issues before Christmas including anti-defection legislation, tax legislation and the freezing of interest on student loans. Anderton named economic development, jobs and industry development "along with the major social services areas of health and welfare" as his priorities.

Paul is a staff writer for Good Returns based in Wellington.

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.75 6.65
ANZ 8.64 ▼7.74 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - ▼7.14 6.79 6.65
ASB Bank 8.64 7.24 6.75 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.89 6.55 6.35
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.09 7.59 7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.29 6.59
SBS Bank Special - 7.24 6.69 5.99
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 ▼7.79 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 ▼6.99 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - 6.55 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.35 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.75 6.65
Median 8.64 7.27 7.29 6.65

Last updated: 3 May 2024 9:11am

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