Mortgage Rates Daily Commentary
Wednesday 1 April 2026
Big newsletter today: Top mortgage advisers; BNZ's new switching play; KAN dobs in adviser to FMA
With so much going on this is a much bigger newsletter than usual.
First up a big congrats to Josh Bronkhorst for being recognised by FANZ for his long involvement with financial advisers and helping to grow professionalism in the industry.
Also a shoutout to NZFSG/Loan Market for their work in community support.
You can read more about their awards and others who were recognised at last week's FANZ conference here.
BNZ has started a new game to win mortgage switches. We'd love to know you thoughts on this.
Read the story here.
Send us an email here.
The FMA has cancelled the FAP Licence of a mortgage adviser after being dobbed in by KAN. See what he did here.
Rate falls becoming pronounced
This week's featured mortgage rate graphs show how far home loan rates have come back in the past couple of weeks.
Tuesday, June 17th 2008, 6:34AM
Good Returns has started compiling a series of graphs showing how the various groups are positioned against each other.
The three groups we have are:
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Big banks: ANZ, ASB, BNZ, National and Westpac
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Second tier banks: Kiwibank, Bank Direct, Kiwbank and HSBC
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Non-bank lenders: Cairns Lockie, Sovereign, Pioneer, Wizard and PSIS.
The first graph below shows the median rates the major banks over the past three weeks and how pronounced the falls have been, particularly in the long end of the yields curve.
These falls have reversed the situation that, briefly appeared a couple of weeks ago, where some of the shorter term rates were actually priced at less than their longer term peers.
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