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Mortgage Rates Daily Commentary
Wednesday 10 December 2025
And just like that rates start rising; Westpac hikes interest rates TMM reported recently that home loans could start rising and that is exactly what has happened. Westpac has hiked all fixed rates from two years to five years by 30 basis points each.
Meanwhile it lowered its six month rate 20 basis points.
The bank blames significant increases in wholesale rates for the hikes.
Westpac managing director of Product, Sustainability and Marketing, Sarah Hearn, says while it is raising longer-term rates, the bank is holding back some of those cost increases for customers.
“With today’s changes, we’re holding back some of the increase in wholesale borrowing costs to customers, while also offering great value for those looking for short-term flexibility with our new 6-month advertised special rate.
New apartments drive housing consents up
A record number of new apartment approvals in July drove overall housing consents to be 62% above the level recorded in July last year.
Wednesday, August 28th 2002, 9:31PM
by Jenny Ruth
There were 2,738 new homes approved in July compared with 1,864 in June and 1,690 in July last year.
Statistics New Zealand says the level of approvals is now similar to that recorded in September 1999 – in that month the actual number of approvals was 2,6,33. It says the trend in housing approvals have been increasing at the average rate of 1.9% a month each month since November 2000.
There were 686 apartments approved in July, up from 183 in June and 194 in July last year.
Statistics New Zealand says all regions except the West Coast saw an increase in approvals compared with July last year.
The Auckland housing market, which in the past has occupied a large spot in the Reserve Bank’s inflation fears, appears particularly buoyant. It accounted for 47% of July’s consents.
Nevertheless, the record level of activity can’t last, says Darren Gibbs, senior economist at Deutsche Bank. "Based on past relationships with house sales, the trend rise in dwelling consents should continue for a month or two yet before beginning to moderate," he says, noting that house sales have declined about 10% in the past three months.
Commenting is closed
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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 |
5.09 |
5.39 |
| ANZ Blueprint to Build |
7.39 |
- |
- |
- |
| ANZ Good Energy |
- |
- |
- |
1.00 |
| ANZ Special |
- |
4.49 |
4.49 |
4.79 |
| 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 |
4.49 |
4.79 |
| Co-operative Bank - Standard |
4.99 |
4.95 |
4.99 |
5.29 |
| 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 |
6.39 |
4.49 |
4.65 |
- |
| Unity Standard |
6.39 |
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 |
5.99 |
4.59 |
4.85 |
4.85 |
Last updated: 10 December 2025 7:46am Previous News
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Thursday, September 28th, 9:00AM
RBNZ announces OCR decision
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Monday, May 8th, 6:00AM
Focus on tone, not content, of OCR call this week
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