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Mortgages

Mortgage Rates Daily Commentary
Monday 15 December 2025  Add your comment
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.

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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 4.49 4.79
ANZ 5.69 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 4.49 4.79
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 4.49 4.79
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 5.09 5.39
SBS Bank Special - 4.49 4.49 4.79
Lender Flt 1yr 2yr 3yr
SBS Construction lending for FHB 3.74 - - -
SBS FirstHome Combo 3.29 4.29 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.19 5.29 5.59
TSB Special 5.79 4.39 4.49 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 4.59 -
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 5.05

Last updated: 15 December 2025 9:06am

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