Mortgage Rates Daily Commentary
Wednesday 14 January 2026
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.
Geneva to launch home loans
Geneva Finance says that is close to launching its own set of home loan products into the market place.
Wednesday, November 29th 2006, 8:27AM
The company, which is best known for its deposit taking activities and the promotion of its Standard and Poor’s credit rating, is keen to keep expanding its range of services.
Besides home loans and debentures its offers commercial asset finance, a full range of insurances, and its Galaxy on-call and savings accounts.
Managing director Glenn Walker says its home loans will be distributed via its branch network rather than through brokers.
The move into home loans is part of the group’s plans to become a diversified financial services company in New Zealand.
Geneva Finance recently reported an increase in net profit after tax from $2.2 million to $3.8 million for the year ending March 31.
Revenue increased from $21 million to $39 million, and its operating profit before tax from $1.6 million to $5.7 million.
Geneva hasn’t disclosed who is funding its home loan products.
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