tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, May 17th, 6:37PM

Mortgages

Mortgage Rates Daily Commentary
Friday 17 May 2024  Add your comment
Negative disclosure anyone? Sue Griffiths gets a new job, plus another appointment

We have lots in today's newsletter. Our lead story today asks whether advisers should have to disclose which lenders they do not work with - as advisers in Australia have to do. It's an interesting debate.

Our story on clawbacks yesterday has been updated. That story included an accurate comment from an ANZ staffer. However the comment related to cash contribution clawbacks, not adviser commission clawbacks.

In People news Sue Griffiths has a new job and FMT appoints a second Christchurch-based business development manager.

rss
Latest Headlines

Attractive rates name of the game

Weekly home loan report: More, more and still more – there’s no let-up in the fixed rate decreases.

Wednesday, February 8th 2006, 7:07AM
Providing attractive fixed rates for borrowers is the name of the mortgage game this year as thousands of bank customers look around at the alternatives when their loans mature.

The major banks, second-tier and non-bankers lenders continued to trim fixed rates over the past week, many not for the first time in recent weeks.

There’s no indication that the manouevring will come to an end any time soon.

It provides a good chance for borrowers, especially those intending to re-fix this year, to keep tabs on how competitive their chosen lender is and what else is available.

Edging under 8%, National Bank cut its three- and four-year rates to 7.95% and its five-year rate to 7.80%.

ANZ followed and decreased its three- and four-year rates to 7.95% and its five-year rate to 7.90%.

Superbank lowered all its fixed rates, while Westpac dropped its three, four and five year rates.

Amongst the non-bank lenders, Pioneer cut all its fixed rates and Public Trust trimmed a couple of its rates.

PSIS dropped its four- and five-year rates to 7.95%, while Cairns Lockie and General Finance lowered their two- and three-year rates.

Also lowering rates were Resi, Olympic Gold, Loan Society and SMC.

In other news, Plan New Zealand, one of the largest wholesale mortgage broking groups in New Zealand, says that November was its best month ever with loan lodgments hitting $216 million.

In the marketplace, variable rates still start at the 8.50% offered by Napier Building Society and spread to the 9.75% recorded by Headstart.

One-year rates remain between the 7.6% offered by Southern Cross to 9.1% from GEM Home Loans.

Two-year fixed terms continue to be stacked between the 7.75% offered by Southern Cross to 9.25% from Headstart.

Three-year rates vary between the 7.7% offered by Kiwibank and Mortgage Finance to Headstart’s 9.15%.

In the four-year part of the market, Superbank offers the lowest rate of 7.8% and the competitors are in a narrow range up to 8.15% from Pioneer.

For five years, rates differ between the 7.6% offered by BankDirect, NZ Home Loans and Sovereign to Gem Home Loans’ 8.65%.

« Plan NZ excited about growth potentialLJ Hooker grows its broking network »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.14 6.75 ▼6.39
ANZ 8.64 7.74 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.14 6.79 6.65
ASB Bank 8.64 7.14 6.75 ▼6.39
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - ▼7.14 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 ▼7.74 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - ▼6.79 - -
Co-operative Bank - Owner Occ 8.40 ▼6.99 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 ▼7.49 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.89 6.55 6.35
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 ▼6.69 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 ▼7.99 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - ▼6.99 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.09 7.59 7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 ▼7.74 7.29 6.59
SBS Bank Special - ▼7.14 6.69 5.99
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 ▼6.14 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 7.79 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 6.99 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - 6.55 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.35 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.75 6.65
Median 8.64 7.21 7.29 6.65

Last updated: 17 May 2024 9:41am

Previous News

MORE NEWS»

News Bites
Compare Mortgage Rates
Compare
From
To
For

To graph multiple lenders, hold down Ctrl key while clicking in list box

Also compare rates to OCR
Find a Mortgage Broker

Add your company

Use map
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com