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Mortgages

Mortgage Rates Daily Commentary
Wednesday 14 January 2026  Add your comment
ANZ increases its floating rates

ANZ has increased its floating rates. It says it has been competitive in floating rates, lowering them 2.95% since the OCR began to fall in August 2024. This, it says, is more than any of the other main banks.

"Ahead of the November OCR cut, our floating rate was already below most of the main banks, our new rate remains competitively positioned among the main banks in the market today. We’ll continue to review rates as global and local conditions evolve," it says in a statement.

To see how it stacks up against other lenders check our table here.

In news: Stimulatory mortgage rates positive for economic recovery but risks remain.

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Parsons named top broker

Christchurch broker Rob Parsons of Mortgage First New Zealand has been named mortgage broker of the year by the New Zealand Mortgage Brokers Association.

Thursday, September 7th 2006, 7:43AM

by Maria Scott

Parsons has been a broker for 9 years having joined the industry after 15 years in the finance and banking industry. He is a founding member of the NZMBA. “Being recognised by your industry as a leader is fantastic,” he said.

Finalists in the annual NZMBA Broker of the Year 2006 award were selected by a combination of 16 lenders and then judged by a panel of four independent judges from outside the industry. They were evaluated on four criteria: their business plans; customer service processes; knowledge of their market and the industry in general and a presentation on how the industry could grow market share.

Parsons suggested a competition and prize draw, encouraging members of the public to vote for their favourite mortgage broker, as a cost-effective way of promoting the work of brokers. He said he hoped the NZMBA would consider the idea. “The feedback I have had has been very positive.”

The runner-up for Broker of the Year was Mark Childs from Mortgage Link Wairarapa.

Regional brokers of the year were Glenda French, Mortgage Link Otago (Otago/Southland); Rob Parsons (Canterbury); Mark Papps, Nelson Marlborough Mortgage Services (Nelson/Marlborough); Finlay Abbot, Finlay Abbot Mortgage Broker (Greater Wellington); Mark Childs (Central North Island); Lyn Houghton, 24/7 Mortgages (Waikato/Bay of Plenty); Bruce Patten, Ray White Financial Services (Greater Auckland); Darren Lawson, Mike Pero Mortgages (Mid Central Auckland) and Christine Lockie, Loan Plan (North Auckland).

« Kiwibank adds $250m to loan book"Dr Do Little" expected to leave rate unchanged »

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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 5.29 5.69
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.49 4.69 5.09
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 - 4.35 - -
Co-operative Bank - Owner Occ 4.99 4.45 4.79 5.09
Co-operative Bank - Standard 4.99 4.95 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 4.59 -
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 5.35 5.65
Lender Flt 1yr 2yr 3yr
Westpac Choices Everyday 5.99 - - -
Westpac Offset 5.89 - - -
Westpac Special - 4.49 4.75 5.05
Median 5.94 4.59 4.87 5.09

Last updated: 13 January 2026 4:42pm

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