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Last Article Uploaded: Wednesday, February 22nd, 10:54PM
Mortgage Rates Daily Commentary
Monday 20 February 2017  Add your comment
Outlook for house prices

Interesting news on the housing front today. ASB, in its housing confidence survey, says expectations of house price growth have cooled significantly in the January quarter. [READ ON]

Meanwhile, Westpac are forecasting a gain of 7% for house prices this year, compared to an estimated 15% rise in 2016 and 11% in 2015.

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Latest Headlines

Profits down for Kiwibank

Funding pressures and infrastructure spending are to blame for a 13% decline in Kiwibank’s net after-tax profit in the last half of 2016.
 

Monday, February 20th, 5:42AM

The bank has reported it made net profit of $63 million for the six months to the end of December 2016.

This result is down from a $71 million net profit over the same period in 2015.

The bank’s parent company, Kiwi Group Holdings (KGH) which includes Kiwibank, Kiwi Wealth, Kiwi Insurance and New Zealand Home Loans, also saw a decline in net profit in the same period.

It dropped to $65 million from $73 million over the same six month period in 2015...MORE»

Sub 4% home loan for owner occupiers

Friday, February 17th, 9:43AM

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RESIMAC offers investors discounted rates

Thursday, February 16th, 9:15AM

There's lots of talk about rising interest rates, but non-bank lender RESIMAC is offering discounts for property investors.

MORE»

 

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Volatility leads to tighter lending environment

Thursday, February 16th, 12:56AM

Expect slower lending growth and rising interest rates this year as banks respond to developments in 2016, the latest KPMG Financial Institutions Performance Survey says.

MORE»

ASB pulls pricing lever on home loans

Wednesday, February 15th, 7:26PM

ASB is cautiously navigating its way through the competitive and complex home loan market, the bank's chief executive Barbara Chapman says.

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Banks to clamp down on cashbacks

Friday, February 10th, 3:32PM

Advisers may find it a lot tougher to get their clients cash back this year as banks clamp down on sweeteners.

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Banks of the future may offer customers less choice

Friday, February 10th, 5:00AM

New report says the way forward for banking may be to target a niche group of customers and offer a smaller range of easier-to-understand products, particularly mortgages.

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DTIs not needed right now - RBNZ

Thursday, February 9th, 2:03PM

The Reserve Bank would not implement controversial debt-to-income ratios (DTIs) right now if it had them in its macro-prudential toolkit, the bank’s governor says.

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.69 4.89 5.29 5.49
ANZ Special - 4.39 4.79 -
ASB Bank 5.80 4.99 5.19 5.49
ASB Bank Special - 4.59 4.79 5.09
BankDirect 5.80 4.99 5.19 5.49
BankDirect Special - 4.59 4.79 5.09
BNZ - Mortgage One 6.25 - - -
BNZ - Rapid Repay 5.70 - - -
BNZ - Special - 4.59 4.79 5.09
BNZ - Std, FlyBuys 5.79 4.99 5.19 5.49
BNZ - TotalMoney 5.64 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 4.99 ▲5.25 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 5.60 4.85 5.10 -
Housing NZ Corp 5.65 4.80 5.19 5.49
HSBC Premier 5.59 4.19 4.39 ▲4.89
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.60 4.39 4.69 4.99
Kiwibank 5.40 4.90 5.19 5.55
Kiwibank - Capped - - - -
Kiwibank - Offset 5.40 - - -
Kiwibank Special - 4.45 4.79 5.25
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
NZ Home Loans 5.65 4.90 5.19 5.55
NZ Home Loans - Specials - - - -
Lender Flt 1yr 2yr 3yr
NZ Home Loans - Specials - 4.35 4.79 5.09
Perpetual Trust 7.70 - - -
Resimac 5.30 4.86 4.94 5.30
SBS Bank 5.54 4.89 5.19 5.49
SBS Bank Special - 4.45 4.75 5.09
Sovereign 5.90 4.99 5.19 5.49
Sovereign Special - 4.59 4.79 5.09
The Co-operative Bank - Owner Occ 5.55 4.55 4.85 5.25
The Co-operative Bank - Standard 5.55 5.05 5.35 5.75
TSB Bank 5.65 4.80 5.15 5.45
TSB Special - 4.45 4.75 5.05
Lender Flt 1yr 2yr 3yr
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.65 4.99 5.19 5.49
Westpac - Capped rates - 5.15 5.25 -
Westpac - Offset 5.65 - - -
Westpac Special - 4.59 4.79 5.09
Median 5.69 4.85 5.12 5.38

Last updated: 17 February 2017 9:48am

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