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[UPDATED] Perky housing market may force rate hike

Tuesday, January 24th 2012, 6:00AM

UPDATE: SBS has cut its fixed rates today

Westpac suggests the Reserve Bank has probably shifted the projected start date for OCR hikes out, but the "perky" housing market may alter things.

It says the central bank has probably pushed the start date for OCR hikes out from June to maybe September.

"Market pricing suggests the OCR will remain on hold until mid-2013, but we would not go that far due to the state of the housing market."

"It seems clear that low interest rates have imparted a significant stimulus to the housing market. If prices continue to scoot higher this year, the Reserve Bank may well feel entitled to nudge the OCR gently off its all-time lows."

« Where to for the OCR?Another bank cuts rates »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt.

 1yr

 2yr

 3yr

 5yr

n/a n/a n/a n/a n/a
AMP Home Loans
 6.24 5.25 5.55 5.75 6.50
AMP Home Loans $200k +
 6.14 5.15 5.45 5.65 6.40
ANZ 5.74 5.25 5.49 5.90 6.70
ASB Bank
 5.75 5.25 5.55 5.75 6.50
BankDirect
 5.75 5.25 5.55 5.75 6.50
BNZ - Classic
 n/a n/a 5.79 n/a n/a
BNZ - GlobalPlus
 5.99 5.75 5.89 6.15 6.90
BNZ - Mortgage One
 6.40 n/a n/a n/a n/a
BNZ - Rapid Repay
 5.99 n/a n/a n/a n/a
BNZ - TotalMoney
 5.74 n/a n/a n/a n/a
BNZ- Std, FlyBuys
 5.99 5.75 5.89 6.15 6.90
CBS Canterbury
 5.95 6.25 6.50 7.10 7.80
Credit Union Auckland
 6.20 n/a n/a n/a n/a
Credit Union Baywide
 5.85 6.15 6.65 6.95 n/a
Credit Union North
 5.80 5.80 5.95 6.20 n/a
Credit Union South
 5.75 n/a n/a n/a n/a
eMortgage 6.04 6.15 6.69 7.19 7.90
Fantastic Home Loans
 5.74 5.59 5.79 6.10 n/a
Fidelity Life
 5.70 5.85 6.35 n/a n/a
Finance Direct
 6.10 6.45 6.69 7.10 7.70
First Credit Union
 6.45 n/a n/a n/a n/a
General Finance
 5.95 6.25 6.50 7.10 7.90
HBS Bank
 5.65 5.25 5.55 5.79 6.20
HBS Bank Special
 n/a n/a 5.65 5.65 5.99
Heretaunga Building Society
 5.75 5.65 5.80 n/a n/a
Housing NZ Corp
 5.75 5.65 5.79 6.10 6.90
HSBC Premier 5.99 5.29 5.50 5.74 6.65
Kiwibank 5.65 5.25 5.55 5.75 6.50
Kiwibank - Capped
 5.65 6.25 n/a n/a n/a
Kiwibank - Offset
 5.50 n/a n/a n/a n/a
Kiwibank - Special
 n/a 4.99 n/a n/a n/a
Liberty
 5.75 n/a n/a n/a n/a
Manchester Unity
 6.15 5.85 5.95 6.05 n/a
Napier Building Society
 5.80 6.00 6.70 n/a n/a
National Bank
 5.74 5.25 5.49 5.90 6.70
Nelson Building Society
 6.45 5.95 6.25 n/a n/a
NZ Home Loans
 5.85 5.25 5.55 5.75 6.50
Perpetual Trust
 7.70 n/a n/a n/a n/a
Public Trust
 4.99 5.40 5.55 5.85 6.65
SBS Bank
 5.65 5.25 5.55 5.79 6.20
SBS Bank Special
 n/a n/a 5.65 5.65 5.99
Silver Fern
 5.95 6.10 6.55 7.05 7.80
Southern Cross 5.95 6.25 6.50 7.10 n/a
Sovereign 5.85 5.25 5.55 5.75 6.50
The Co-operative Bank
 5.70 5.45 5.55 5.75 n/a
TSB Bank
 5.79 5.20 5.50 5.75 6.50
TSB Bank Special
 n/a 5.70 5.95 n/a n/a
Wairarapa Building Society
 6.20 6.70 6.95 n/a n/a
Westpac 6.24 5.25 5.55 5.75 6.90
Westpac - Capped rates n/a 6.50 n/a n/a n/a
Westpac - Choices Everyday 5.60 n/a n/a n/a n/a
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