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Mortgages

Mortgage Rates Daily Commentary
Thursday 4 December 2025  Add your comment
Good house buying conditions, but little activity; What's going on?

Experts consider it's a good time to be buying a house with lots of indicators pointing in the right direction; but sales are not picking up.

What's going on?

It was great to attend Loan Market's recent PD day and Christmas celebration. The group is on a strong growth path to becoming New Zealand's best known mortgage advice brand. It's also got some exciting developments in train. You can find out more about the Loan Market offering here.

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Top broker named

The Mortgage Brokers Association names its top brokers for the year.

Tuesday, September 24th 2002, 9:18PM

North Shore mortgage broker Sue Tierney (pictured) has been named Mortgage Broker of the Year by the NZ Mortgage Brokers’ Association.

Tierney, who works for Mortgages By Design, also won the Northland-North Harbour regional award at the association’s conference in Rotorua at the weekend.

Other regional winners were:

  • Geoff Bawden, Bawden and Associates (Auckland)

  • Grant McFlinn, Mike Pero Mortgages (Counties-Manukau)

  • Michelle Towersey, Mike Pero Mortgages (Waikato-Bay of Plenty)

  • Craig Seton, Mortgage Link (Taranaki-Manawatu-Hawkes Bay)

  • Warren Rule, Mortgage Choice (Kapiti-Wellington)

  • Les McKay, Mortgage Link (Nelson-Marlborough)

  • Rob Parsons, Mortgage First (Canterbury)

  • Charlie Reid and Gary Burton, Mortgage Link (joint winners Otago-Southland).

Association chairman Rob Tucker said the judges commented that high levels of competence and professionalism and the passion all finalists showed towards their work made selection extremely difficult.

Tucker said the awards recognised the performance of individuals, raised the industry’s profile, and reinforced the professional standards and ethics set by the association.

Judging criteria included lending and product knowledge, client relationships, client management, marketing initiatives, courtesy, level of client and lender trust, and contribution to the mortgage broking industry.

Lenders had a strong influence in scoring nominees, especially in the areas of lending knowledge, quality of application, ability to select the most appropriate lender and general professionalism.

All finalists were put through a detailed interview and a selection of their clients were surveyed. The judges were reassured by the finalists’ high level of experience, professionalism and general business acumen.

Tucker said mortgage brokers’ personal approach, experience and knowledge enabled them to provide clients with the most appropriate loan products, a clear understanding of what borrowing is all about and a guiding hand throughout the process.

"All finalists put client service at the top of their priority list. Without that ethic you do not have a business," Tucker said.

He said the association saw the level of excellence achieved by finalists as a benchmark for all members and was working in conjunction with the industry to achieve this. Mortgage brokers account for 26% of all mortgage business.

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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 6.29 4.75 4.75 4.99
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 5.05 5.35
Lender Flt 1yr 2yr 3yr
Westpac Choices Everyday 5.99 - - -
Westpac Offset 5.89 - - -
Westpac Special - 4.49 4.45 4.75
Median 6.05 4.67 4.85 4.85

Last updated: 4 December 2025 2:52pm

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