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Mortgages

Mortgage Rates Daily Commentary
Monday 15 December 2025  Add your comment
ANZ too hikes rates; Kiwibank says the RBNZ stuffed up its communications last week

ANZ has followed Westpac and increased interest rates of terms of 18 months or more. It too blames rising wholesale r rates.

Grant Knuckey, managing director for Personal Banking, said the increases in fixed rates were a response to recent rises in wholesale interest rates.

“Since our last fixed rate reduction on October 17, wholesale interest rates have risen significantly, increasing by 33 to 77 basis points for terms 12 months and longer.”

This follows the Reserve Bank’s latest cut to the Official Cash Rate, when it signalled a pause in the easing cycle, indicating the OCR would remain at 2.25% for the foreseeable future.

“Changes to the OCR affect floating mortgage rates more directly. Changing expectations about future OCR decisions influence wholesale rates, causing fixed mortgage rates to go up or down,” Knuckey said.

In the News Kiwibank is arguing the medicine, lower interest rates, is working to fix the sick economy. (Even though they are now rising).

Interesting, Jarrod Kerr says the RBNZ is "at the centre of some confusion" over interest rates.RBNZ is "at the centre of some confusion" over interest rates.

Here is what Kiwibank is saying.

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Latest Headlines

New homes on the Net

A new property website has been set by a guy who's not only been a frustrated homebuyer but who works in IT - and it's a happy combo.

Wednesday, October 25th 2000, 11:03AM

by Paul McBeth

Shots of homes that look great and download fast. A clear, accessible homepage with a property search feature, handy hints, easy site navigation and WAP capability. This new property website has been set up by a guy who's not only been a frustrated homebuyer but who works in IT - and it's a happy combo.

Martin Wehipeihana, Managing Director of www.nethomes.co.nz, has 16 years IT experience and says he's set up the site "to put my money where my mouth is".

After looking for houses himself on the Internet and finding the experience frustrating, he's set up his own "agency-neutral" website to help people looking to buy or rent houses.

"If you're in retail and your shop's on the main street, you put goods in your front window, put a price on them and say Sale," he says.

"You don't put them up the back behind four doors.

"It's hugely important to me that the site is easy to navigate."

People interested in a property can click on its picture and send a message to the listing agent, with the information going through directly to the agent's mobile phone. There are up to six images of each home, there's a slideshow feature which scrolls through the properties one at a time at 15 second intervals and you can also read a bunch of handy hints for homebuyers.

NetHomes has only been running for three weeks and just has a selection of Hutt Valley homes so far, with five real estate agents featured and properties from another three agents about to be added. Wehipeihana hopes to expand the coverage gradually to nationwide.

Having built NetHomes himself from the ground up, he's already designed it to be WAP-capable. The idea is that eventually you'll be driving around on a Sunday afternoon and can simply call up the site on your cellphone to find out what open homes there are in the area.

"Within the next 12 months both Vodaphone and Telecom will offer high speed, full-time wireless Internet connectivity for special phones. They're looking for applications for products and my site will be ready."

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 4.49 4.79
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 4.49 4.79
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 4.49 4.79
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 4.39 4.49 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 4.59 -
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 5.05

Last updated: 15 December 2025 9:06am

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