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:
Big banks: ANZ, ASB, BNZ, National and Westpac
Second tier banks: Kiwibank, Bank Direct, Kiwbank and HSBC
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.
