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Last Article Uploaded: Tuesday, December 6th, 5:31PM
Mortgage Rates Daily Commentary
Monday 5 December 2016  Add your comment
Kiwibank rises; Say no to DTIs broker group says

Kiwibank has raised some of its longer term fixed home loan rates today. Of interest it's three-year carded rate is the same as its three-year special.

Also the head of The Mortgage Supply group, Jenny Campbell, has written to Finance Minister Bill English outlining why debt-to-income ratios are not required. [READ ON]

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Latest Headlines

Mortgage group writes to Finance Minister about DTIs

The head of the Mortgage Supply Group, Jenny Campbell, has written to Finance Minister Bill English arguing that debt to income ratios are unnecessary.

Saturday, December 3rd, 11:08AM

In her letter to the minister Campbell says the LVR restrictions introduced earlier by the Reserve Bank are working and need more time to bed in. 

"It is more difficult to get a mortgage right now, than at anytime in the last 10 years – except for during the GFC," she says.

"Banks have tightened their lending criteria enormously, and this tightening is actually far harsher than the Reserve Bank rules...MORE»

DTIs not in the near future - economists

Wednesday, November 30th, 11:49AM

Concerns about the increase in debt relative to incomes mean the Reserve Bank want the tools to address the issue, but economists don't expect to see them introduced anytime soon.

MORE»

RBNZ asks for DTI tools

Wednesday, November 30th, 9:05AM

[UPDATED] The Reserve Bank has officially asked the Government for debt to income restriction tools, although it has no plans to immediately deploy them. Includes ASB comments.

MORE»

 

Previous News

SBS grows and adjusts commission levels

Tuesday, November 29th, 2:14PM

SBS Bank has reported a 49% increase in its net profit, for the first six months of the year and that has been helped by its move in the mortgage broker market.

MORE»

Avanti gets good report card

Tuesday, November 29th, 12:58PM

Avanti Finance’s move towards residential loans and its strong broker support augur well for the company, a recent report says.

MORE»

Heartland Bank to re-enter residential mortgages

Friday, November 25th, 3:44PM

Heartland Bank is due to re-enter the residential home loan market next year - and its strategy is a bit different to other banks.

MORE»

Downbound trend for investor lending

Thursday, November 24th, 4:49PM

There is now little doubt that the new LVR restrictions are having a significant impact on property investor activity, with lending in this area slumping to new lows.

MORE»

New peer-to-peer mortgage provider licensed

Monday, November 21st, 6:00AM

New Zealand’s newest peer-to-peer mortgage lender is promising to offer mortgage brokers an easier way to get deals done for clients struggling to access funds from the banks.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.59 4.75 4.95 5.15
ANZ Special - 4.25 4.45 -
ASB Bank 5.65 4.69 4.99 5.29
ASB Bank Special - 4.29 4.49 4.79
BankDirect 5.65 4.69 4.99 5.29
BankDirect Special - 4.29 4.49 4.79
BNZ - Mortgage One 6.25 - - -
BNZ - Rapid Repay 5.70 - - -
BNZ - Special - 4.29 4.45 4.65
BNZ - Std, FlyBuys 5.64 4.85 4.95 5.15
BNZ - TotalMoney 5.64 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 4.99 4.99 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 5.60 4.85 4.90 -
Housing NZ Corp 5.55 4.69 4.75 ▲4.99
HSBC Premier 5.75 4.19 4.19 4.49
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.60 4.39 4.69 4.99
Kiwibank 5.25 4.70 4.75 4.75
Kiwibank - Capped - - - -
Kiwibank - Offset 5.25 - - -
Kiwibank Special - 4.19 ▲4.39 ▲4.75
Liberty 5.69 - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.10 4.85 4.99 -
NZ Home Loans 5.45 4.69 4.75 ▲5.00
NZ Home Loans - Specials - - - -
Lender Flt 1yr 2yr 3yr
NZ Home Loans - Specials - 4.19 ▲4.39 ▲4.75
Perpetual Trust 7.70 - - -
Resimac 5.19 4.94 4.90 4.91
SBS Bank 5.54 4.75 4.89 4.99
SBS Bank Special - 4.25 4.29 4.35
Sovereign 5.75 4.69 4.99 5.29
Sovereign Special - 4.29 4.49 4.79
The Co-operative Bank 5.45 4.39 4.45 4.79
TSB Bank 5.54 4.75 4.75 4.99
TSB Special - 4.25 4.19 4.59
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 5.65 4.79 ▲4.90 ▲5.09
Westpac - Capped rates - 5.15 5.25 -
Westpac - Offset 5.65 - - -
Westpac Special - 4.25 ▲4.34 ▲4.59
Median 5.65 4.69 4.75 4.95

Last updated: 5 December 2016 7:40am

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