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Mortgage Rates Daily Commentary
Monday 22 June 2026
More mortgage advisers embarce KiwiSaver KiwiSaver is the flavour d'jour at the moment (and probably will be all the way into the election). Yesterday National announced that, if re-elected, it would make KiwiSaver compulsory.
Meanwhile, trail commission is disappearing with Westpac and AIA disappearing from mortgage advisers' toolkit.
As we report today, mortgage advisers are now looking to KiwiSaver as a replacement income stream. [MORE DETAILS HERE]
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.
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 |
4.65 |
5.25 |
5.49 |
| ANZ |
5.79 |
▼5.25 |
▼5.89 |
▼6.09 |
| ANZ Blueprint to Build |
7.39 |
- |
- |
- |
| ANZ Good Energy |
- |
- |
- |
1.00 |
| ANZ Special |
- |
▼4.65 |
▼5.29 |
▼5.49 |
| ASB Bank |
5.79 |
4.65 |
5.25 |
5.49 |
| ASB Better Homes Top Up |
- |
- |
- |
1.00 |
| Avanti Finance - Near Prime |
6.35 |
- |
- |
- |
| Avanti Finance - Specialised |
7.45 |
- |
- |
- |
| Basecorp Finance |
6.35 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
| BNZ - Mortgage One |
5.94 |
- |
- |
- |
| BNZ - Rapid Repay |
5.94 |
- |
- |
- |
| BNZ - Std |
5.84 |
▲4.79 |
▲5.29 |
▼5.29 |
| 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 |
| Co-operative Bank - First Home Special |
- |
▲4.59 |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
| Co-operative Bank - Owner Occ |
4.99 |
▲4.69 |
5.29 |
5.49 |
| Co-operative Bank - Standard |
4.99 |
▲5.19 |
5.79 |
5.99 |
| Credit Union Auckland |
7.70 |
- |
- |
- |
| First Credit Union Special |
- |
5.09 |
5.49 |
- |
| First Credit Union Standard |
6.49 |
5.69 |
6.09 |
- |
| Heartland Bank - Online |
5.80 |
5.89 |
- |
- |
| Heartland Bank - Reverse Mortgage |
7.99 |
- |
- |
- |
| Heretaunga Building Society |
6.50 |
5.50 |
5.65 |
- |
| ICBC |
5.39 |
4.49 |
4.99 |
5.25 |
| Kainga Ora |
5.79 |
4.59 |
4.95 |
5.19 |
| Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
| Kiwibank |
5.75 |
5.65 |
6.19 |
6.35 |
| Kiwibank - Offset |
5.75 |
- |
- |
- |
| Kiwibank Special |
5.75 |
4.75 |
5.29 |
5.55 |
| Liberty |
6.65 |
6.55 |
6.22 |
6.20 |
| Nelson Building Society |
6.49 |
4.69 |
5.09 |
- |
| Pepper Money Near Prime |
6.55 |
- |
- |
- |
| Pepper Money Prime |
5.99 |
- |
- |
- |
| Pepper Money Specialist |
8.00 |
- |
- |
- |
| SBS Bank |
5.84 |
5.29 |
5.79 |
5.99 |
| SBS Bank Special |
- |
4.69 |
5.19 |
5.39 |
| SBS Construction lending for FHB |
3.74 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
| SBS FirstHome Combo |
3.29 |
4.19 |
- |
- |
| SBS FirstHome Combo |
- |
- |
- |
- |
| SBS Unwind reverse equity |
7.99 |
- |
- |
- |
| TSB Bank |
6.59 |
5.49 |
6.05 |
6.29 |
| TSB Special |
5.79 |
4.69 |
5.25 |
5.49 |
| Unity First Home Buyer special |
- |
4.09 |
- |
- |
| Unity Special |
5.79 |
4.80 |
▲5.49 |
- |
| Unity Standard |
5.79 |
5.60 |
▲6.29 |
- |
| Wairarapa Building Society |
6.15 |
4.95 |
5.45 |
- |
| Westpac |
5.89 |
5.39 |
5.79 |
5.89 |
| Westpac Choices Everyday |
5.99 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
| Westpac Offset |
5.89 |
- |
- |
- |
| Westpac Special |
- |
▲6.99 |
▲6.45 |
▲6.09 |
| Median |
5.94 |
4.85 |
5.49 |
5.49 |
Last updated: 26 June 2026 12:36pm Previous News
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Thursday, September 28th, 9:00AM
RBNZ announces OCR decision
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Tuesday, August 1st, 11:19AM
SBS eyes partnership with mortgage advisers
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Thursday, June 22nd, 9:00AM
OCR held again - here's what RBNZ had to say
-
Thursday, May 11th, 10:26AM
Surprise at RBNZ’s OCR outlook
-
Thursday, May 11th, 9:00AM
No change to OCR: What RB said today
-
Monday, May 8th, 6:00AM
Focus on tone, not content, of OCR call this week
-
Tuesday, May 2nd, 11:10AM
ANZ half-year profit jumps
-
Monday, April 24th, 10:23AM
Local flavour makes for bank winners
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