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Mortgages

Mortgage Rates Daily Commentary
Wednesday 14 January 2026  Add your comment
ANZ increases its floating rates

ANZ has increased its floating rates. It says it has been competitive in floating rates, lowering them 2.95% since the OCR began to fall in August 2024. This, it says, is more than any of the other main banks.

"Ahead of the November OCR cut, our floating rate was already below most of the main banks, our new rate remains competitively positioned among the main banks in the market today. We’ll continue to review rates as global and local conditions evolve," it says in a statement.

To see how it stacks up against other lenders check our table here.

In news: Stimulatory mortgage rates positive for economic recovery but risks remain.

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Loyalty points for loans

GlobalPlus Home Loan comes with a built-in air points deal.

Sunday, February 20th 2000, 12:00AM

by Paul McBeth

They had AJ Hackett leaping off Auckland's Sky Tower to launch the GlobalPlus card....and now there's the GlobalPlus Home Loan.

While the razzmatazz is about to begin, the loan's been quietly available through BNZ branches for a few weeks. It gives GlobalPlus cardholders an extra 10,000 Air New Zealand air points as well as ongoing points calculated on their loan balance.

Mike Hartley of BNZ Cards Marketing told Good Returns that GlobalPlus Home Loan was essentially a regular BNZ home loan with loyalty points added on. It's available to new borrowers as well as existing customers who switch over their BNZ loans, although they will have to wait for any fixed term loans to mature.

Aside from the initial bonus, a floating rate loan will attract 200 air points for every $1,000 outstanding on the loan balance per annum and fixed rate loans 120 points per $1,000. BNZ says that customers can earn enough air points within the first year of taking out a $150,000 loan to fly to Fiji and back.

Across town, ANZ Mortgages Group is running a promotion in conjunction with the Qantas Telstra ANZ Visa (QTAV) card. For loans approved by the end of March, qualifying customers receive 10,000 reward points which the bank says is a third of the points needed for a return trip to Australia.

Applications must be for new lending of at least $100,000 and for an ANZ Home Loan, Residential Investment Loan, ANZ Flexiplus or Equity Loan for personal purposes.

 

Paul is a staff writer for Good Returns based in Wellington.

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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 4.49 4.75 5.09
ANZ 5.79 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 - ▲4.39 - -
Co-operative Bank - Owner Occ 4.99 ▲4.49 4.79 5.09
Co-operative Bank - Standard 4.99 ▲4.99 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 ▲4.69 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.09 5.29 5.69
SBS Bank Special - 4.49 4.69 5.09
Lender Flt 1yr 2yr 3yr
SBS Construction lending for FHB 3.74 - - -
SBS FirstHome Combo 3.29 3.99 - -
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: 20 January 2026 5:56pm

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