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Mortgage Rates Daily Commentary
Thursday 4 December 2025
Good house buying conditions, but little activity; What's going on? Experts consider it's a good time to be buying a house with lots of indicators pointing in the right direction; but sales are not picking up.
What's going on?
It was great to attend Loan Market's recent PD day and Christmas celebration. The group is on a strong growth path to becoming New Zealand's best known mortgage advice brand. It's also got some exciting developments in train. You can find out more about the Loan Market offering here.
Comparing selected banks
Following a week of rate changes we have pulled together a graph comparing pricing strategies.
Friday, March 18th 2016, 10:04AM 
Here we have compared just five lenders who have taken different strategies to pricing their home loans. Also note this is just for standard rates. There are a range of Specials in the market too.
- HSBC - clearly it commands a market leading position in fixed rates, especially when its Specials are considered. However it is the only bank not to move its floating rate.
- Pricing remains in a tight band up to two years, but for longer terms there is greater divergence in pricing.
- SBS - While it often is a market leader, it's current pricing is a tad ordinary.
- ASB - Sharp on the one-year term but starts to look pricey further out the curve.
- BNZ - Continues to be reasonably aggressive compared to its big bank peers.
- Kiwibank - Sharp as usual except for standard two-year rates.
Tags: Mortgage Rates
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Mortgage Rates Table
Full Rates Table | Compare Rates
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| AIA - Back My Build |
▼3.34 |
- |
- |
- |
| AIA - Go Home Loans |
▼5.89 |
4.49 |
4.49 |
4.79 |
| ANZ |
5.69 |
5.09 |
5.09 |
5.39 |
| ANZ Blueprint to Build |
7.39 |
- |
- |
- |
| ANZ Good Energy |
- |
- |
- |
1.00 |
| ANZ Special |
- |
4.49 |
4.49 |
4.79 |
| ASB Bank |
5.79 |
4.49 |
4.49 |
4.79 |
| ASB Better Homes Top Up |
- |
- |
- |
1.00 |
| Avanti Finance - Near Prime |
▼6.35 |
- |
- |
- |
| Avanti Finance - Specialised |
▼7.55 |
- |
- |
- |
| Basecorp Finance |
6.35 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| BNZ - Classic |
- |
5.99 |
5.69 |
5.69 |
| BNZ - Mortgage One |
5.94 |
- |
- |
- |
| BNZ - Rapid Repay |
5.94 |
- |
- |
- |
| BNZ - Std |
5.84 |
4.49 |
4.49 |
4.79 |
| BNZ - TotalMoney |
▲8.14 |
- |
- |
- |
| CFML 321 Loans |
▼3.95 |
- |
- |
- |
| CFML Home Loans |
▼6.05 |
- |
- |
- |
| CFML Prime Loans |
▼6.25 |
- |
- |
- |
| CFML Standard Loans |
▼6.95 |
- |
- |
- |
| China Construction Bank |
6.44 |
4.85 |
4.95 |
4.95 |
| China Construction Bank Special |
6.44 |
5.85 |
5.95 |
5.95 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Co-operative Bank - First Home Special |
- |
4.35 |
- |
- |
| Co-operative Bank - Owner Occ |
4.99 |
4.45 |
4.49 |
4.79 |
| Co-operative Bank - Standard |
4.99 |
4.95 |
4.99 |
5.29 |
| Credit Union Auckland |
7.70 |
- |
- |
- |
| First Credit Union Special |
- |
4.79 |
4.95 |
- |
| First Credit Union Standard |
6.49 |
5.39 |
5.55 |
- |
| Heartland Bank - Online |
▼5.30 |
5.89 |
- |
- |
| Heartland Bank - Reverse Mortgage |
7.99 |
- |
- |
- |
| Heretaunga Building Society |
7.45 |
5.90 |
5.80 |
- |
| ICBC |
5.39 |
4.25 |
4.59 |
4.79 |
| Kainga Ora |
6.29 |
4.75 |
4.75 |
4.99 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
| Kiwibank |
5.65 |
5.39 |
5.39 |
5.65 |
| Kiwibank - Offset |
5.65 |
- |
- |
- |
| Kiwibank Special |
6.15 |
4.49 |
4.49 |
4.85 |
| Liberty |
6.65 |
6.55 |
6.22 |
6.20 |
| Nelson Building Society |
▼6.49 |
4.59 |
▼4.59 |
- |
| Pepper Money Near Prime |
6.55 |
- |
- |
- |
| Pepper Money Prime |
5.99 |
- |
- |
- |
| Pepper Money Specialist |
8.00 |
- |
- |
- |
| SBS Bank |
▼5.84 |
5.09 |
5.09 |
5.39 |
| SBS Bank Special |
- |
4.49 |
4.49 |
4.79 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| SBS Construction lending for FHB |
3.74 |
- |
- |
- |
| SBS FirstHome Combo |
▼3.29 |
4.29 |
- |
- |
| SBS FirstHome Combo |
- |
- |
- |
- |
| SBS Unwind reverse equity |
7.99 |
- |
- |
- |
| TSB Bank |
▼6.59 |
5.19 |
5.29 |
5.59 |
| TSB Special |
▼5.79 |
4.39 |
4.49 |
4.79 |
| Unity First Home Buyer special |
- |
3.99 |
- |
- |
| Unity Special |
6.39 |
4.49 |
4.65 |
- |
| Unity Standard |
6.39 |
5.29 |
5.45 |
- |
| Wairarapa Building Society |
6.15 |
4.59 |
4.59 |
- |
| Westpac |
5.89 |
5.09 |
5.05 |
5.35 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Westpac Choices Everyday |
5.99 |
- |
- |
- |
| Westpac Offset |
5.89 |
- |
- |
- |
| Westpac Special |
- |
4.49 |
4.45 |
4.75 |
| Median |
6.15 |
4.67 |
4.85 |
4.85 |
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