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Last Article Uploaded: Saturday, June 13th, 5:24PM

Mortgages

Mortgage Rates Daily Commentary
Friday 5 June 2026  Add your comment
Winners and losers in first quarter

Which banks were up and which ones were down in the March quarter? [Details here]

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Latest Headlines

ANZ CEO to retire

ANZ NZ CEO Antonia Watson to retire; Ben Kelleher to take over.

Friday, June 12th, 9:29AM

 

ANZ Bank New Zealand (ANZ NZ) Chief Executive Officer and ANZ Bank Group Executive Antonia Watson will be retiring at the end of FY26.

Ms Watson, who has been at ANZ NZ since 2009 and been its CEO and a Group Executive since 2019, will finish on 30 September.

She will be replaced as ANZ NZ CEO and Group Executive by ANZ NZ leadership team member Ben Kelleher.

Mr...MORE»

Plenty of interest in development and investment finance

Thursday, June 11th, 9:51AM

Despite a subdued residential housing market, Pallas Capital has lent $1.29 billion in investment and construction loans as enquiry rises.

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Link appoints a new general manager

Monday, June 8th, 5:15PM

Adviser training boss takes the helm of Link Financial Group (LFG).

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Mortgage lending dips

Monday, June 8th, 4:12PM

The latest Reserve Bank figures show new mortgage lending dropped to $8.3 billion in April from $8.7 billion in March, but up 3.5% from $8 billion in the same month last year.

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Which banks did the most lending in 1st quarter; and who slowed down

Friday, June 5th, 9:13AM

Kiwibank appeared to take its foot off the accelerator on mortgage lending in the March quarter after a string of quarters of lending above its market share which reached almost 8% at March 31.

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More borrowers take out ever bigger mortgages

Thursday, June 4th, 10:28AM

More than 18,000 borrowers have mortgages of more than $2 million, a number that has grown rapidly – up from 5,000 in 2017, 6,000 in 2019 and 13,000 in 2022.

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Advocacy over shouting leads the way

Wednesday, June 3rd, 12:08PM

The demise of the Finance and Mortgage Advisers Association of New Zealand (FAMNZ) is no surprise to Hamish Patel, Financial Advice New Zealand (FANZ) mortgage and lending director.

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61 mortgage fraud charges filed

Wednesday, June 3rd, 12:08PM

A raft of mortgage fraud charges against six people have been filed by the FMA in the Manukau District Court.

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 5.89 4.65 5.25 5.49
ANZ 5.79 5.39 6.09 6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.79 5.49 5.69
ASB Bank 5.79 4.65 5.25 5.49
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.35 - - -
Avanti Finance - Specialised 7.45 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
BNZ - Std 5.84 4.65 5.19 5.39
BNZ - TotalMoney 5.94 - - -
CFML 321 Loans 3.95 - - -
CFML Home Loans 6.05 - - -
CFML Prime Loans 6.25 - - -
CFML Standard Loans 6.95 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - 4.55 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 4.99 4.65 5.29 5.49
Co-operative Bank - Standard 4.99 5.15 5.79 5.99
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.09 5.49 -
First Credit Union Standard 6.49 5.69 6.09 -
Heartland Bank - Online 5.80 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 6.50 5.50 5.65 -
ICBC 5.39 4.49 4.99 5.25
Kainga Ora 5.79 4.59 4.95 5.19
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 5.75 5.65 6.19 6.35
Kiwibank - Offset 5.75 - - -
Kiwibank Special 5.75 4.75 5.29 5.55
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society 6.49 4.69 5.09 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.29 5.79 5.99
SBS Bank Special - 4.69 5.19 5.39
SBS Construction lending for FHB 3.74 - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo ▲6.19 ▲5.79 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.49 6.05 6.29
TSB Special 5.79 4.69 5.25 5.49
Unity First Home Buyer special - 4.09 - -
Unity Special 5.79 4.80 5.29 -
Unity Standard 5.79 5.60 6.09 -
Wairarapa Building Society 6.15 4.95 5.45 -
Westpac 5.89 5.39 5.79 6.09
Westpac Choices Everyday 5.99 - - -
Lender Flt 1yr 2yr 3yr
Westpac Offset 5.89 - - -
Westpac Special - 4.79 5.19 5.49
Median 5.94 4.85 5.45 5.49

Last updated: 5 June 2026 10:14am

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