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Mortgage Rates Daily Commentary
Saturday 31 January 2026
[Your weekend TMM read] How much did this cost banks? This is mind blowing. The big banks went on a cash back spending spree to win business at the end of last year (started by ANZ). The latest numbers from the Reserve Bank are dizzying how much switching went on.
One has to aask questions around banks' behaviour to win business. Clearly cash speaks louder than advice.
Read the numbers here
Wizard and AMS sold for more than $A400 million
The consumer finance arm of General Electric, GE Money, is to pay something over $A400 million ($NZ433.4 million) for Australian Financial Investment Group whose subsidiaries include retailer Wizard Home Loans and wholesale mortgage funder AMS.
Thursday, October 28th 2004, 1:12PM
by Jenny Ruth
The sale price wasn’t officially announced and the actual amount paid will depend on how AFIG performs. AFIG, which has $A18 billion in assets, 230 branches and 80.000 customers, has been on the market for more than a year. It brings GE Money’s Australian and New Zealand assets to about $A38 billion, about $A8 billion of that in New Zealand.
It brings GE to being Australia’s sixth largest home lender behind the four major banks and St George.
The business was previously owned by a consortium including Kerry Packer’s Publishing & Broadcasting (PBL), Deutsche Asset Management and ABN Amro and founder Mark Bouris who is staying on as AFIG’s chairman – GE plans to operate AFIG as a stand-alone business.
The deal delivers PBL, the only listed company in the consortium which paid $A25 million for its stake five years ago, a $A58 million profit.
Bouris founded AFIG in 1996. Broking firm Citigroup Smith Barney estimates AFIG made a $A40million profit in 2003/04.
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 |
4.75 |
5.09 |
| ANZ |
5.79 |
5.09 |
▲5.49 |
▲5.79 |
| ANZ Blueprint to Build |
7.39 |
- |
- |
- |
| ANZ Good Energy |
- |
- |
- |
1.00 |
| ANZ Special |
- |
4.49 |
4.69 |
▲5.19 |
| ASB Bank |
5.79 |
4.49 |
4.75 |
5.09 |
| 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 |
4.69 |
5.09 |
| 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 |
- |
4.39 |
- |
- |
| Co-operative Bank - Owner Occ |
4.99 |
4.49 |
4.79 |
5.09 |
| Co-operative Bank - Standard |
4.99 |
4.99 |
5.29 |
5.59 |
| 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 |
▼4.67 |
- |
| Pepper Money Near Prime |
6.55 |
- |
- |
- |
| Pepper Money Prime |
5.99 |
- |
- |
- |
| Pepper Money Specialist |
8.00 |
- |
- |
- |
| SBS Bank |
5.84 |
5.09 |
5.29 |
5.69 |
| SBS Bank Special |
- |
4.49 |
4.69 |
5.09 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| SBS Construction lending for FHB |
3.74 |
- |
- |
- |
| SBS FirstHome Combo |
3.29 |
3.99 |
- |
- |
| SBS FirstHome Combo |
- |
- |
- |
- |
| SBS Unwind reverse equity |
7.99 |
- |
- |
- |
| TSB Bank |
6.59 |
5.19 |
5.29 |
5.59 |
| TSB Special |
5.79 |
4.49 |
4.00 |
4.79 |
| Unity First Home Buyer special |
- |
3.99 |
- |
- |
| Unity Special |
5.79 |
4.49 |
4.65 |
- |
| Unity Standard |
5.79 |
5.29 |
5.45 |
- |
| Wairarapa Building Society |
6.15 |
4.59 |
4.79 |
- |
| Westpac |
5.89 |
5.09 |
▲5.49 |
▲5.75 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Westpac Choices Everyday |
5.99 |
- |
- |
- |
| Westpac Offset |
5.89 |
- |
- |
- |
| Westpac Special |
- |
4.49 |
▲4.89 |
▲5.15 |
| Median |
5.94 |
4.59 |
4.92 |
5.09 |
Last updated: 3 February 2026 8:08am Previous News
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Thursday, September 28th, 9:00AM
RBNZ announces OCR decision
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Tuesday, August 1st, 11:19AM
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Thursday, May 11th, 10:26AM
Surprise at RBNZ’s OCR outlook
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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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