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Mortgages

Mortgage Rates Daily Commentary
Thursday 8 January 2026  Add your comment
Open banking already being used for home loan apps

Early adopter advisers and lenders are now using regulated open banking connections to make it easier for people to apply for a home loan. [READ ON]

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Open banking making life easier for advisers and lenders

Early adopter advisers and lenders are now using regulated open banking connections to make it easier for people to apply for a home loan.

Thursday, January 8th, 11:03AM  2 comments

New Zealand’s regulated open banking system became operational on December 1 and the first group of organisations were accredited to use the system 18 days later.

One of the first to be accredited was Akahu New Zealand's leading open banking intermediary, providing data connectivity to a broad range of government, corporate, and fintech organisations.

It uses the regulated...MORE»

Queenstown not off the radar for first home buyers

Wednesday, January 7th, 11:50AM

First home buyers are not being deterred by Queenstown’s soaring house prices.

MORE»

Investor DTI borrowing limit close

Tuesday, January 6th, 9:56AM

Investor mortgage borrowing is edging closer to where debt-to-income (DTI) restrictions start to kick in.

MORE»

 

Previous News

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd, 10:01AM

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

MORE»

Another blow to advisers over trail commissions

Thursday, December 18th, 10:24AM

Mortgage advisers have been given more bad news over trail commissions just before Christmas.

MORE»

Advisers’ vigilance against cyber criminals critical over summer break

Thursday, December 18th, 6:43AM

Advisers are being warned about cyber criminals ramping up activity over the holidays.

MORE»

Afterburner AI does deals to cover 60% of mortgage advice industry

Wednesday, December 17th, 8:53AM

Financial advice AI platform Afterburner has expanded to cover about 60 percent of the mortgage advice market, through new enterprise-level partnerships with Link Financial Group, NZFSG and Loan Market.

MORE»

Robust recovery tipped by Kiwibank

Monday, December 15th, 6:06PM

Lower interest rates are doing their job. The medicine is working, Kiwibank says.

MORE»

MORE NEWS»

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 4.49 4.75 5.09
ANZ 5.69 5.09 5.29 5.69
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.49 4.69 5.09
ASB Bank 5.79 4.49 4.75 5.09
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.35 - - -
Avanti Finance - Specialised 7.55 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 5.99 5.69 5.69
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
BNZ - Std 5.84 4.49 4.69 5.09
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
Lender Flt 1yr 2yr 3yr
Co-operative Bank - First Home Special - 4.35 - -
Co-operative Bank - Owner Occ 4.99 4.45 4.79 5.09
Co-operative Bank - Standard 4.99 4.95 5.29 5.59
Credit Union Auckland 7.70 - - -
First Credit Union Special - 4.79 4.95 -
First Credit Union Standard 6.49 5.39 5.55 -
Heartland Bank - Online 5.30 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 7.45 5.90 5.80 -
ICBC 5.39 4.25 4.59 4.79
Kainga Ora 5.69 4.49 4.49 4.79
Lender Flt 1yr 2yr 3yr
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 5.65 5.39 5.39 5.65
Kiwibank - Offset 5.65 - - -
Kiwibank Special 6.15 4.49 4.49 4.85
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society 6.49 4.59 4.59 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.09 5.09 5.39
SBS Bank Special - 4.49 4.49 4.79
Lender Flt 1yr 2yr 3yr
SBS Construction lending for FHB 3.74 - - -
SBS FirstHome Combo 3.29 4.29 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.19 5.29 5.59
TSB Special 5.79 4.49 4.00 4.79
Unity First Home Buyer special - 3.99 - -
Unity Special 5.79 4.49 4.65 -
Unity Standard 5.79 5.29 5.45 -
Wairarapa Building Society 6.15 4.59 4.79 -
Westpac 5.89 5.09 5.35 5.65
Lender Flt 1yr 2yr 3yr
Westpac Choices Everyday 5.99 - - -
Westpac Offset 5.89 - - -
Westpac Special - 4.49 4.75 5.05
Median 5.94 4.59 4.87 5.09

Last updated: 19 December 2025 1:35pm

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