Mortgage Rates Daily Commentary
Monday 15 December 2025
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.
Brokers see more than just problem borrowers
Mortgage brokers have a more diverse range of clients than they used to, NZMBA chairman Brian Berry says.
Wednesday, January 15th 2003, 3:54AM
by Jenny Ruth
Mortgage brokers are now writing between 28% and 29% of all home loans in New Zealand and their client base has become far more diverse than it used to be, according to Mortgage Brokers Association chairman Brian Berry.
"In the early days of broking it was only the marginal deals that brokers got to see," says Berry, who has been in the broking business since 1985.
Over time, as the market has grown and with more satisfied clients generating increasing referrals, "we’ve become much more main stream in our clientele," he says.
"Certainly, we still do get the difficult cases – they’re coming to us because of our expertise – but a lot of what we do now is run-of-the-mill, people with good equity and good servicing ability," he says.
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