About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, April 17th, 6:39AM
Mortgage Rates Daily Commentary
Wednesday 16 April 2014  Add your comment
Pricing chaos in home loan market

[With Graph] The home loan market is becoming particularly competitive and is somewhat chaotic at the moment according to one bank chief executive. [READ ON]

rss
Latest Headlines

Pricing chaos in home loan market

There is “chaos” in pricing of home loans, according to one bank chief executive and borrowers have all the power.

Wednesday, April 16th, 12:01PM  1 comment

The Co-operative Bank chief executive Bruce McLachlan says there is significant discounting happening amongst lenders.

“Rate cards are quite high in my view,” he says.

Borrowers need to be asking for the best possible deal when they take out a loan or refinance an exiting one.

“The poor old customers who don’t challenge are missing out,” he says.

ANZ economists agree competition has stepped up in the past few weeks...MORE»

Welcome Home Loans to expand

Monday, April 14th, 3:33PM  1 comment

The Welcome Home Loan scheme, which is designed to help first home buyers is being expanded.

MORE»

Where does money come from?

Wednesday, April 9th, 11:31AM  6 comments

Apparently banks pull money out of thin air then lend it to borrowers for home loans. Here is what TVNZ reported.

MORE»

 

Previous News

Multiple distribution channels a problem

Wednesday, April 9th, 6:00AM

Bank customers are now more demanding than they once were, and want more accessibility and flexibility from their home loan products, says SBS Bank chief executive Ross Smith.

MORE»

Westpac moves on tiers, but not on LEMs

Tuesday, April 8th, 10:20AM

Westpac is the latest bank to remove its two-tier pricing for home loans, however it refuses to budge on its low equity margin.

MORE»

Low-equity fees face legal questions

Monday, April 7th, 7:00PM

Low-equity fees and interest rate premiums charged by banks for home loans are being reviewed by lenders and may become a thing of the past after a recent court case.

MORE»

Bank surprised at extent of lending drop

Tuesday, April 1st, 3:12PM

Fewer borrowers are taking out loans that are exempt from the new LVR restrictions than the Reserve Bank expected.

MORE»

RBNZ could relax LVR rules: Westpac

Monday, March 31st, 3:28PM

Loan-to-value restrictions on mortgage lending have probably had a bigger impact on the market than the Reserve Bank had expected and might prompt it to relax the rules, Westpac’s economists said today.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AMP Home Loans 6.49 5.69 6.29 6.40
AMP Home Loans $200k+ 6.39 5.59 5.99 6.30
AMP Home Loans LVR <80% - - 5.99 -
ANZ 5.99 5.85 6.49 6.85
ANZ LVR > 80 5.99 6.35 6.99 7.35
ANZ Special - - 5.95 -
ASB Bank 6.00 5.85 6.49 6.85
ASB Bank Special - - - -
BankDirect 6.00 5.85 6.49 6.85
BankDirect Special - - - -
BNZ - Classic - - 5.95 -
Lender Flt 1yr 2yr 3yr
BNZ - GlobalPlus 6.19 5.85 6.29 6.29
BNZ - Mortgage One 6.60 - - -
BNZ - Rapid Repay 6.19 - - -
BNZ - Std, FlyBuys 6.19 5.85 6.29 6.29
BNZ - TotalMoney 5.99 - - -
Credit Union Auckland 6.20 - - -
Credit Union Baywide 5.85 5.90 6.50 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Fidelity Life 5.70 5.40 6.00 -
Lender Flt 1yr 2yr 3yr
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 5.90 ▲5.60 ▲5.99 ▲6.35
HBS LVR > 80% - - - -
Heartland 5.95 6.25 6.50 7.10
Heretaunga Building Society 5.75 5.50 6.30 -
Housing NZ Corp 5.75 5.50 6.30 6.40
HSBC Premier 6.24 5.59 6.29 6.55
HSBC Premier LVR > 80% - - - -
HSBC Special - - 5.79 -
Lender Flt 1yr 2yr 3yr
Kiwibank 5.90 5.69 5.99 6.40
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 5.60 - - -
Kiwibank LVR > 80% - - 6.29 6.40
Liberty 5.64 - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.45 5.95 6.60 -
NZ Home Loans 6.10 5.69 6.29 6.60
Perpetual Trust 7.70 - - -
RESIMAC - lo doc 7.34 7.14 7.49 8.05
RESIMAC LVR < 80% 5.84 5.64 5.99 6.55
Lender Flt 1yr 2yr 3yr
RESIMAC LVR < 85% 6.84 6.64 6.99 7.55
RESIMAC LVR < 90% 7.84 7.64 7.99 8.55
SBS Bank 5.90 ▲5.60 ▲5.99 ▲6.35
SBS LVR < 80% - - - -
Silver Fern 5.95 6.10 6.55 7.05
Southern Cross 5.95 6.25 6.50 7.10
Sovereign 6.10 5.85 6.49 6.85
Sovereign Special - - - -
The Co-operative Bank 5.95 5.65 5.99 6.35
TSB Bank 6.04 5.40 5.99 6.40
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 5.74 5.85 5.95 6.85
Westpac - Capped rates - 6.19 6.69 -
Westpac - Offset 5.74 - - -
Median 6.00 5.85 6.29 6.85

Last updated: 15 April 2014 9:01am

Previous News

MORE NEWS»

News Bites
Compare Mortgage Rates
Compare
from
to
for
To graph multiple lenders, hold down Ctrl key while clicking in list box
Find a Mortgage Broker

Add your company

Use map
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by PHP Developer and eyelovedesign.com