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Mortgage Rates Daily Commentary
Wednesday 20 October 2021
Today's FAP focus; ANZ changes its mind We have a couple of FAP-related stories today. Firstly the FMA has granted the 100th full licence. Here's what that adviser had to say.
Meanwhile the FMA has set cut off dates for FAP licencing [READ ON]
In interest rate news ANZ has changed its mind and is now predicitng a much higher OCR and says mortgage rates will follow. [DETAILS here]
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 |
|---|
| AIA |
4.55 |
2.99 |
3.45 |
3.69 |
| ANZ |
4.59 |
▲3.84 |
▲4.30 |
▲4.54 |
| ANZ Blueprint to Build |
1.68 |
- |
- |
- |
| ANZ Special |
- |
▲3.24 |
▲3.70 |
▲3.94 |
| ASB Back My Build |
2.04 |
- |
- |
- |
| ASB Bank |
4.45 |
2.99 |
3.45 |
3.69 |
| Basecorp Finance |
5.49 |
- |
- |
- |
| Bluestone |
3.49 |
3.34 |
2.99 |
3.34 |
| BNZ - Classic |
- |
▲2.99 |
▲3.45 |
▲3.69 |
| BNZ - Mortgage One |
5.15 |
- |
- |
- |
| BNZ - Rapid Repay |
4.60 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| BNZ - Std, FlyBuys |
4.70 |
▲3.59 |
▲4.05 |
▲4.29 |
| BNZ - TotalMoney |
4.70 |
- |
- |
- |
| CFML Loans |
5.15 |
- |
- |
- |
| China Construction Bank |
4.49 |
4.70 |
4.80 |
4.95 |
| China Construction Bank Special |
- |
2.65 |
2.65 |
2.80 |
| Credit Union Auckland |
5.95 |
- |
- |
- |
| Credit Union Baywide |
5.65 |
3.95 |
3.85 |
- |
| Credit Union South |
5.65 |
3.95 |
3.85 |
- |
| First Credit Union Special |
5.85 |
2.95 |
3.45 |
- |
| Heartland Bank - Online |
2.25 |
1.85 |
2.35 |
2.65 |
| Heretaunga Building Society |
4.99 |
3.80 |
3.90 |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| HSBC Premier |
4.49 |
2.19 |
2.45 |
2.69 |
| HSBC Premier LVR > 80% |
- |
- |
- |
- |
| HSBC Special |
- |
2.25 |
- |
- |
| ICBC |
3.69 |
2.45 |
2.85 |
3.15 |
| Kainga Ora |
4.43 |
2.88 |
3.28 |
3.59 |
| Kainga Ora - First Home Buyer Special |
- |
2.25 |
- |
- |
| Kiwibank |
▲4.00 |
3.80 |
▲4.15 |
▲4.50 |
| Kiwibank - Offset |
▲4.00 |
- |
- |
- |
| Kiwibank Special |
3.75 |
2.95 |
▲3.30 |
▲3.65 |
| Liberty |
5.69 |
- |
- |
- |
| Nelson Building Society |
4.95 |
2.99 |
3.24 |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Pepper Essential |
4.79 |
- |
- |
- |
| Resimac |
3.39 |
2.98 |
2.79 |
3.29 |
| SBS Bank |
4.54 |
3.05 |
3.45 |
3.75 |
| SBS Bank Special |
- |
2.55 |
2.95 |
3.25 |
| Select Home Loans |
3.49 |
3.34 |
2.99 |
3.34 |
| The Co-operative Bank - First Home Special |
- |
▲2.79 |
- |
- |
| The Co-operative Bank - Owner Occ |
4.55 |
▲2.99 |
▲3.60 |
▲3.89 |
| The Co-operative Bank - Standard |
4.55 |
▼3.49 |
▲4.10 |
▲4.39 |
| TSB Bank |
5.34 |
▲3.54 |
▲4.00 |
▲4.24 |
| TSB Special |
4.54 |
▲2.74 |
▲3.20 |
▲3.44 |
| Wairarapa Building Society |
4.99 |
3.55 |
3.49 |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Westpac |
4.84 |
▲3.59 |
▲4.05 |
▲4.29 |
| Westpac - Offset |
4.84 |
- |
- |
- |
| Westpac Special |
- |
▲2.99 |
▲3.45 |
▲3.69 |
| Median |
4.57 |
2.99 |
3.45 |
3.69 |
Last updated: 21 October 2021 9:00am Previous News
-
Thursday, September 28th, 9:00AM
RBNZ announces OCR decision
-
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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