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Last Article Uploaded: Wednesday, July 1st, 9:23PM
Mortgage Rates Daily Commentary
Wednesday 1 July 2015  Add your comment
Mini lending boom well underway

Households are borrowing at a rate not seen since the Global Financial Crisis six years ago. See how much money is going out the door here.

One small change today with rate decreases at the Nelson Building Society.

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Latest Headlines

Please Sir, Can I borrow more

Credit growth is running at its fastest pace since the Global Financial Crisis.

Wednesday, July 1st, 10:19AM

The latest monthly credit statistics from the Reserve Bank show that borrowing is at its highest level since the GFC in 2008 and 2009. The data shows lending was up 5.4% year-on-year in May.

ASB chief economist Nick Tuffley says housing credit will be the part catching the RBNZ’s eyes the most.  It is clear that, even before the RBNZ cut the OCR in June, past falls in interest rates were already fuelling mortgage borrowing demand...MORE»

ANZ's head of channel moves on

Tuesday, June 30th, 2:05PM

The head of ANZ's mortgage adviser distribution channel is moving to a new role.

MORE»

The numbers BNZ are disclosing

Monday, June 29th, 10:16AM

BNZ says it is well ahead of target with its re-entry into the mortgage adviser market.

MORE»

 

Previous News

Banks net interest income falls - PwC

Wednesday, June 24th, 1:03PM

A decrease in the net interest income of New Zealand’s major banks reflects the current highly competitive lending environment.

MORE»

Yield Curve: Small lenders v Big banks

Saturday, June 20th, 12:33PM

With so many home loan rate changes at the moment we have done some comparisons between various lenders to see who they stack up against each other.

MORE»

FMT adds another Auckland BDM

Saturday, June 20th, 6:17AM

MORE»

Under par GDP leads to OCR cut calls

Friday, June 19th, 8:30AM

Three of the major banks are now predicting a further cut to the OCR in July.

MORE»

Kiwibank removes and reduces many home loan fees

Wednesday, June 17th, 11:00AM

Kiwibank has quietly made a whole raft of changes to its home loan fees including the removal totally of 10 fees.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 6.49 5.10 5.59 5.59
ANZ Special - - 4.99 -
ASB Bank 6.50 5.49 5.49 5.75
ASB Bank Special - 4.99 5.10 5.39
BankDirect 6.50 5.49 5.49 5.75
BankDirect Special - 4.99 5.10 5.39
BNZ - Mortgage One 6.90 - - -
BNZ - Rapid Repay 6.49 - - -
BNZ - Special - - 4.99 -
BNZ - Std, FlyBuys 6.49 5.19 5.39 5.29
BNZ - TotalMoney 6.34 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.95 5.99 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
HBS Bank 6.39 5.39 5.39 5.39
HBS Special - 4.99 4.99 4.99
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 6.45 5.40 5.40 -
Housing NZ Corp 6.74 5.70 5.99 6.29
Lender Flt 1yr 2yr 3yr
HSBC Premier 6.60 4.95 4.95 5.40
HSBC Premier LVR > 80% - - - -
HSBC Special - 5.29 5.29 5.29
ICBC 6.75 5.99 6.39 -
Kiwibank 6.40 5.39 5.49 5.69
Kiwibank - Capped - - - -
Kiwibank - Offset 6.40 - - -
Kiwibank Special - 5.09 4.99 5.39
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society ▼6.70 ▼5.65 ▼5.95 -
Lender Flt 1yr 2yr 3yr
NZ Home Loans 6.85 5.49 5.49 6.29
Perpetual Trust 7.70 - - -
Resimac 5.84 5.60 5.65 5.79
SBS Bank 6.39 5.39 5.39 5.39
SBS Bank Special - 4.99 4.99 4.99
Sovereign 6.60 5.49 5.10 5.75
Sovereign Special - 4.99 5.10 5.39
The Co-operative Bank 6.45 5.15 4.99 5.35
TSB Bank 6.49 ▼5.45 ▼5.49 5.75
TSB Special - - ▼4.99 5.40
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 6.40 5.49 5.49 5.59
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.40 - - -
Westpac Special - - 4.99 -
Median 6.49 5.45 5.40 5.40

Last updated: 1 July 2015 9:59am

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