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Mortgage Rates Daily Commentary
Wednesday 19 June 2013  Add your comment
Predictions for floating rates

Following the Reserve Bank announcement last week the market now prices 40 basis points of OCR hikes in the year ahead, and a 30% chance of a 25 point rate hike by year-end.

BNZ says it expects a first OCR hike in March next year. This would be the beginning of a process of ‘normalising’ the OCR from its current historic low of 2.50%. We then see a steady progression of the OCR to a cyclical peak of 4.50%, by mid-2015.

"Our view is based on the premise the economy is now showing broad-based strength, against the backdrop of limited excess capacity to absorb growth. This should lead to inflationary pressures down the track, as should the gradual decline in the NZ Dollar that we see unfolding next year. In addition, we believe house price appreciation will ultimately require a monetary policy response as well as the implementation of macro-prudential tools."

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Liquid picks up E-Loan

The ownership of online mortgage broker E-Loan has changed for the third time in just over a year.

Tuesday, November 20th 2001, 10:23PM
AMP's online financial services business, Liquid, has entered into an agreement to purchase the assets of E-Loan NZ Ltd from eVentures NZ Ltd and The Warehouse Ltd.

The deal is to include a licensing agreement with E-Loan’s US based parent company to continue to offer the E-Loan brand in New Zealand. Liquid will maintain E-Loan’s current web site and provide access to it through its own portal, Liquid.co.nz.

Liquid managing director Peter Larsen says the site is focussed on its strategy to provide a comprehensive range of financial services to customers who choose to manage their own financial requirements online.

"Purchasing E-Loan NZ’s assets ensures that Liquid continues to develop its online position as New Zealand’s one-stop financial services shop. The licensing agreement means that Liquid customers can access E-Loan’s award winning home loan and credit card information and comparison tools via the Liquid site.

"The tools have been developed to compare a broad range of lending options and allow customers to apply for a home loan or credit card directly online."

"Extending Liquid’s mortgage offering through E-Loan NZ provides online customers with more choice," he says.

E-Loan will present independent mortgage information to site visitors alongside independent residential mortgage outlet Mike Pero Mortgages, a Liquid founding partner.

« Jacking up prices is rife at the momentThe Warehouse says E-Loan became redundant »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AMP Home Loans 6.24 5.25 4.99 5.65
AMP Home Loans $200k+ 6.14 5.15 4.89 5.55
ANZ 5.74 5.25 5.45 5.80
ANZ Special - 4.95 - -
ASB Bank 5.75 5.19 5.45 5.75
ASB Bank Special - 4.95 - -
Bank Direct Special - 4.95 - -
BankDirect 5.75 5.19 5.45 5.75
BNZ - Classic - - 5.40 -
BNZ - GlobalPlus 5.99 5.25 5.65 5.80
BNZ - Mortgage One 6.40 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Rapid Repay 5.99 - - -
BNZ - Std, FlyBuys 5.99 5.25 5.65 5.80
BNZ - TotalMoney 5.74 - - -
Credit Union Auckland 6.20 - - -
Credit Union Baywide 5.85 5.45 5.45 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Fantastic Home Loans 5.74 5.19 5.40 5.75
Fidelity Life 5.70 5.85 6.35 -
Finance Direct 6.10 6.45 6.69 7.10
Lender Flt 1yr 2yr 3yr
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 5.65 4.95 4.99 5.65
Heartland 5.95 6.25 6.50 7.10
Heretaunga Building Society 5.75 5.25 5.65 -
Housing NZ Corp 5.75 5.25 5.40 5.74
HSBC Premier 5.99 4.99 5.25 5.45
HSBC Premier Special - - - -
Kiwibank 5.65 4.89 5.25 5.65
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 5.50 - - -
Lender Flt 1yr 2yr 3yr
Liberty 5.64 - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.45 5.95 6.25 -
NZ Home Loans 5.85 5.25 5.45 5.75
Perpetual Trust 7.70 - - -
RESIMAC - lo doc 6.59 6.35 6.55 6.90
RESIMAC LVR <80% 5.59 5.35 5.55 5.90
SBS Bank 5.65 4.94 4.99 5.65
Silver Fern 5.95 6.10 6.55 7.05
Southern Cross 5.95 6.25 6.50 7.10
Sovereign 5.85 5.19 5.45 5.75
Lender Flt 1yr 2yr 3yr
The Co-operative Bank 5.70 4.94 5.35 5.75
The Co-operative Bank Special - - - -
TSB Bank 5.79 5.25 5.30 5.75
TSB Bank Special - ▼4.88 - -
Wairarapa Building Society 6.20 6.70 6.95 -
Westpac 6.24 5.19 5.45 5.90
Westpac - Capped rates - 6.50 - -
Westpac LVR >80% - 4.94 - -
Median 5.85 5.25 5.45 5.75

Last updated: 16 June 2013 9:53pm

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