Mortgage Rates Daily Commentary
Wednesday 14 January 2026
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.
Mortgage borrowing strong
Friday, July 5th 2002, 12:18AM
by Jenny Ruth
Mortgage borrowing remained strong in May with an additional $600 million borrowed, bringing the total owed on housing to $70.62 billion, the latest Reserve Bank figures show.
May’s mortgage borrowing total was 8.2% higher than the $65.28 billion owed on housing in May last year.
The figures show the year-on-year percentage increases have been steadily accelerating from the 5.6% increase in April last year from April 2000.
The latest increase represents a further acceleration from the 7.9% increase in April compared with April last year.
Total household indebtedness in May was $77.74 billion, up from $77.18 billion in April and $71.88 billion in May last year.
Commenting is closed
