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Last Article Uploaded: Friday, February 20th, 7:59AM

Mortgages

Mortgage Rates Daily Commentary
Thursday 19 February 2026  Add your comment
RBNZ predicts slower house price growth; ASB joins KO

RBNZ expects slower house price growth. [DETAILS HERE]

ASB latest lender to offer Kāinga Ora First Home Loan scheme. [READ ON]

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Latest Headlines

ASB joins low deposit Kāinga Ora scheme with some benefits

Mortgage advisers can now use ASB for clients buying a home under the Kāinga Ora First Home Loan scheme.

Thursday, February 19th, 11:27AM

ASB joins Kiwibank, Westpac SBS Bank, The Co-operative Bank, Unity, Nelson Building Society and NZHL who are already part of this scheme.

The first home loan is designed for people who can afford regular mortgage repayments but are finding it difficult to save a 20% deposit. Instead of the standard deposit, eligible buyers can purchase their first home with just 5%, with the loan underwritten...MORE»

RBNZ expects slower house price growth in the current recovery

Thursday, February 19th, 9:23AM

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

MORE»

[What the RBNZ said] Why the cash rate stayed unchanged

Wednesday, February 18th, 2:00PM

The Reserve Bank left the OCR unchanged today and indicated it may stay "accomodative" for some time.

MORE»

 

Previous News

OCR rise tipped for second half of this year

Wednesday, February 18th, 6:00AM

The NZIER monetary policy shadow board says the RBNZ should start raising the OCR in the second half of this year.

MORE»

TAP moves away from traditional aggregation

Tuesday, February 17th, 6:10AM

The Adviser Platform (TAP) is moving away from being a traditional aggregator to opening up its services to anyone in the market.

MORE»

FAMNZ boss leaves

Monday, February 16th, 6:05PM

The head of adviser association, FAMNZ, is hanging up his shingle leaving the New Zealand seven months after the country head resigned.

MORE»

Predictions for next week's OCR announcement

Thursday, February 12th, 8:25PM

OCR expected to be held at 2.25% at first review of the year.

MORE»

ASB accelerates mortgage lending and profit margins

Wednesday, February 11th, 11:13AM

ASB Bank continued to accelerate its mortgage lending at above its market share in the six months ended December and managed to lift its profit margin as well.

MORE»

MORE NEWS»

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 4.59 4.95 5.19
ANZ ▲8.64 ▲7.59 ▲7.09 ▲6.89
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.49 4.69 5.19
ASB Bank 5.79 4.59 4.95 5.19
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 - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
BNZ - Std 5.84 4.49 4.69 5.09
BNZ - TotalMoney 5.94 - - -
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
Co-operative Bank - First Home Special - 4.39 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 4.99 4.49 4.89 5.19
Co-operative Bank - Standard 4.99 4.99 5.39 5.69
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 5.69 4.49 4.49 4.79
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 5.65 5.39 5.79 6.05
Kiwibank - Offset 5.65 - - -
Kiwibank Special 6.15 4.49 4.89 5.25
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society ▲6.99 4.59 ▼4.67 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.09 ▲5.49 ▲5.75
SBS Bank Special - 4.49 ▲4.89 ▲5.15
SBS Construction lending for FHB 3.74 - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 3.29 3.99 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.19 5.69 5.95
TSB Special 5.79 4.39 4.89 5.15
Unity First Home Buyer special - 3.99 - -
Unity Special 5.79 4.49 4.69 -
Unity Standard 5.79 5.29 5.49 -
Wairarapa Building Society 6.15 4.59 4.79 -
Westpac 5.89 5.09 5.49 5.75
Westpac Choices Everyday 5.99 - - -
Lender Flt 1yr 2yr 3yr
Westpac Offset 5.89 - - -
Westpac Special - 4.49 4.89 5.15
Median 5.99 4.59 4.95 5.19

Last updated: 13 February 2026 3:23pm

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