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Last Article Uploaded: Thursday, August 25th, 2:51PM
Mortgage Rates Daily Commentary
Thursday 25 August 2016  Add your comment
LVRs to impact on mortgage lending

New LVR restrictions seem to be affecting mortgage demand already, with the Reserve Bank’s latest residential lending data showing a big dip in mortgage lending. Read more

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Looming LVRs impact on mortgage lending

New LVR restrictions seem to be affecting mortgage demand already, with the Reserve Bank’s latest residential lending data showing a big dip in mortgage lending

Wednesday, August 24th, 4:43PM

Driven by its concerns about the risk the housing market poses broader financial stability, the Reserve Bank announced it would be introducing a new round of LVR restrictions back in July.

The latest LVR restrictions are investor focused and require investors seeking new property loans nationwide to have 40% equity or deposit.

While the new LVR restrictions do not come into effect until October 1, the Reserve Bank said it expected banks to start acting “in the spirit of” the new LVRs immediately...MORE»

Expect OCR cut in November - economists

Wednesday, August 24th, 6:00AM

Further OCR cuts are looming strongly on the horizon in the wake of the Reserve Bank’s speech yesterday, economists have said.

MORE»

House prices growing risk for banks – S&P

Tuesday, August 23rd, 2:39PM

Skyrocketing house prices mean New Zealand banks are facing increased economic risks and will now have higher risk weights, a global ratings agency has said.

MORE»

 

Previous News

Reserve Bank defends interest rate stance

Tuesday, August 23rd, 10:09AM

Lowering the OCR risks further fuelling house price growth but the Reserve Bank believes it has been a necessary trade-off to prevent a decline in inflation expectations.

MORE»

Finding solutions to 60% LVRs

Monday, August 22nd, 9:10AM

The Reserve Bank’s new investor-targeted LVR rules come into effect on 1 October, but there are solutions to the restrictions for investors willing to think laterally.

MORE»

Mortgage fraudster heading to prison

Wednesday, August 17th, 12:43PM

Auckland woman, Eli Devoy, was sentenced to five years in prison in the Auckland District Court today for involvement in an extensive mortgage fraud scheme.

MORE»

HSBC offers lowest ever home loan rate

Wednesday, August 17th, 10:08AM

HSBC has come out with what it bills as the "lowest ever" home loan rate, but it's not available to everyone.

MORE»

New LVR start date delayed

Friday, August 12th, 11:45PM

The Reserve Bank has delayed the start date of new LVRs aimed at investors from 1 September to 1 October 2016, following banking industry feedback.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.59 4.75 4.85 4.99
ANZ Special - 4.25 4.35 -
ASB Bank 5.55 4.69 4.75 4.89
ASB Bank Special - 4.25 4.29 4.34
BankDirect 5.55 4.69 4.75 4.89
BankDirect Special - 4.25 4.29 4.34
BNZ - Mortgage One 6.25 - - -
BNZ - Rapid Repay 5.70 - - -
BNZ - Special - 4.29 4.29 4.49
BNZ - Std, FlyBuys 5.64 4.85 4.89 4.99
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 4.89
HSBC Premier 5.75 4.19 4.19 4.49
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - 3.79 -
ICBC 5.60 4.39 4.69 4.99
Kiwibank 5.25 4.70 4.75 4.29
Kiwibank - Capped - - - -
Kiwibank - Offset 5.25 - - -
Kiwibank Special - 4.19 4.29 -
Liberty - - - -
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 4.75
NZ Home Loans - Specials - - - -
Lender Flt 1yr 2yr 3yr
NZ Home Loans - Specials - 4.19 4.29 4.29
Perpetual Trust 7.70 - - -
Resimac 5.34 4.94 4.90 4.91
SBS Bank 5.54 4.75 4.89 4.99
SBS Bank Special - 4.25 4.15 4.55
Sovereign 5.65 4.69 4.75 4.89
Sovereign Special - 4.25 4.29 4.34
The Co-operative Bank 5.45 4.25 4.29 4.49
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 4.85 4.99
Westpac - Capped rates - 5.15 5.25 -
Westpac - Offset 5.65 - - -
Westpac Special - 4.25 4.29 4.49
Median 5.65 4.69 4.75 4.89

Last updated: 22 August 2016 8:52am

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