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Mortgage Rates Daily Commentary
Friday 24 January 2020
Kiwibank-BNZ takeover talk heats up; BNZ aims for investor market Could Kiwibank buy BNZ? Takeover talk has intensified this morning: [READ ON]
Meanwhile, BNZ has dropped investor home loan rates to the same level as owner-occupier rates this morning, as competition for a resurgent investor market heats up: [READ ON]
Comparing selected banks
Following a week of rate changes we have pulled together a graph comparing pricing strategies.
Friday, March 18th 2016, 10:04AM 
Here we have compared just five lenders who have taken different strategies to pricing their home loans. Also note this is just for standard rates. There are a range of Specials in the market too.
- HSBC - clearly it commands a market leading position in fixed rates, especially when its Specials are considered. However it is the only bank not to move its floating rate.
- Pricing remains in a tight band up to two years, but for longer terms there is greater divergence in pricing.
- SBS - While it often is a market leader, it's current pricing is a tad ordinary.
- ASB - Sharp on the one-year term but starts to look pricey further out the curve.
- BNZ - Continues to be reasonably aggressive compared to its big bank peers.
- Kiwibank - Sharp as usual except for standard two-year rates.
Tags: Mortgage Rates
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Mortgage Rates Table
Full Rates Table | Compare Rates
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| ANZ |
5.19 |
4.05 |
4.05 |
4.49 |
| ANZ Special |
- |
3.55 |
3.55 |
3.99 |
| ASB Bank |
5.20 |
3.89 |
4.05 |
4.39 |
| ASB Bank Special |
- |
3.39 |
3.55 |
3.89 |
| BNZ - Classic |
- |
3.49 |
3.55 |
3.89 |
| BNZ - Mortgage One |
5.90 |
- |
- |
- |
| BNZ - Rapid Repay |
5.35 |
- |
- |
- |
| BNZ - Std, FlyBuys |
5.30 |
4.45 |
4.35 |
4.55 |
| BNZ - TotalMoney |
5.30 |
- |
- |
- |
| China Construction Bank |
5.50 |
4.70 |
4.80 |
4.95 |
| China Construction Bank Special |
- |
3.19 |
3.19 |
3.19 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Credit Union Auckland |
5.95 |
- |
- |
- |
| Credit Union Baywide |
5.65 |
4.75 |
4.75 |
- |
| Credit Union North |
6.45 |
- |
- |
- |
| Credit Union South |
5.65 |
4.75 |
4.75 |
- |
| Finance Direct |
- |
- |
- |
- |
| First Credit Union |
5.85 |
3.99 |
4.49 |
- |
| Heartland |
6.70 |
7.00 |
7.25 |
7.85 |
| Heartland Bank - Online |
- |
- |
- |
- |
| Heretaunga Building Society |
5.75 |
▼4.65 |
▼4.80 |
- |
| HSBC Premier |
5.24 |
3.54 |
3.54 |
3.69 |
| HSBC Premier LVR > 80% |
- |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| HSBC Special |
- |
- |
- |
- |
| ICBC |
5.15 |
3.18 |
3.18 |
3.20 |
| Kainga Ora |
5.18 |
3.97 |
4.05 |
4.39 |
| Kiwibank |
▼5.15 |
4.20 |
4.30 |
4.64 |
| Kiwibank - Capped |
- |
- |
- |
- |
| Kiwibank - Offset |
5.15 |
- |
- |
- |
| Kiwibank Special |
- |
3.45 |
3.55 |
3.89 |
| Liberty |
5.69 |
- |
- |
- |
| Napier Building Society |
- |
- |
- |
- |
| Nelson Building Society |
5.70 |
4.25 |
4.15 |
- |
| Pepper Money Near Prime |
5.64 |
- |
5.44 |
5.44 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Pepper Money Prime |
5.18 |
- |
4.98 |
4.98 |
| Pepper Money Specialist |
7.59 |
- |
7.39 |
7.39 |
| Resimac |
4.50 |
▼4.45 |
3.89 |
3.94 |
| RESIMAC Special |
- |
- |
- |
- |
| SBS Bank |
5.29 |
4.85 |
5.05 |
5.49 |
| SBS Bank Special |
- |
3.39 |
▲3.55 |
3.89 |
| Sovereign |
5.30 |
3.89 |
4.05 |
4.39 |
| Sovereign Special |
- |
3.39 |
3.55 |
3.89 |
| The Co-operative Bank - Owner Occ |
5.15 |
3.49 |
3.59 |
3.89 |
| The Co-operative Bank - Standard |
5.15 |
3.99 |
4.09 |
4.39 |
| TSB Bank |
6.09 |
4.19 |
4.35 |
4.69 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| TSB Special |
5.29 |
3.39 |
3.55 |
3.89 |
| Wairarapa Building Society |
▼5.50 |
▼3.95 |
▼4.05 |
- |
| Westpac |
5.34 |
4.15 |
4.09 |
4.49 |
| Westpac - Offset |
5.34 |
- |
- |
- |
| Westpac Special |
- |
3.39 |
3.55 |
3.99 |
| Median |
5.34 |
3.97 |
4.05 |
4.39 |
Last updated: 23 January 2020 4:42pm Previous News
-
Thursday, September 28th, 9:00AM
RBNZ announces OCR decision
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Tuesday, August 1st, 11:19AM
SBS eyes partnership with mortgage advisers
-
Thursday, June 22nd, 9:00AM
OCR held again - here's what RBNZ had to say
-
Thursday, May 11th, 10:26AM
Surprise at RBNZ’s OCR outlook
-
Thursday, May 11th, 9:00AM
No change to OCR: What RB said today
-
Monday, May 8th, 6:00AM
Focus on tone, not content, of OCR call this week
-
Tuesday, May 2nd, 11:10AM
ANZ half-year profit jumps
-
Monday, April 24th, 10:23AM
Local flavour makes for bank winners
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