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Mortgage Rates Daily Commentary
Thursday 23 June 2022
New dealer group option; Your networking event and product launch invite Mortgage advisers have a new dealer group option to consider. [READ ON]
Be part of the next big leap in small business lending.
Networking event and product launch
Here’s your opportunity to attend a unique and exciting networking event that will give you a glimpse into the future of small business lending.
As Prospa reaches 10 years of being in business and 3 years in NZ, you are invited to come and celebrate with the team at Prospa NZ. You'll hear from Prospa co-founder Beau Bertoli, about the exciting journey so far and his views on where Prospa's next big leap will take them as they launch their brand new Line of Credit to the NZ market.
You'll get exclusive insights into product details, sales tips and commission structures to help you grow your own business when you partner with Prospa, plus the chance to win a special door prize.
Launch functions will be held in Christchurch on July 5 and Auckland on July 6.
REGISTER HERE - numbers are limited
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 |
5.95 |
4.85 |
5.35 |
5.65 |
| ANZ |
5.94 |
▲5.95 |
▲6.40 |
▲6.59 |
| ANZ Blueprint to Build |
- |
- |
- |
- |
| ANZ Special |
- |
▲5.35 |
▲5.80 |
▲5.99 |
| ASB Bank |
5.85 |
▲5.35 |
▲5.80 |
▲5.99 |
| Avanti Finance |
5.95 |
- |
- |
- |
| Basecorp Finance |
6.95 |
- |
- |
- |
| Bluestone |
5.89 |
7.49 |
8.09 |
8.19 |
| BNZ - Classic |
- |
▲5.35 |
▲5.69 |
▲5.99 |
| BNZ - Mortgage One |
5.94 |
- |
- |
- |
| BNZ - Rapid Repay |
5.94 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| BNZ - Std, FlyBuys |
5.94 |
▲5.95 |
▲6.29 |
▲6.59 |
| BNZ - TotalMoney |
5.94 |
- |
- |
- |
| CFML Loans |
6.45 |
- |
- |
- |
| China Construction Bank |
5.50 |
5.40 |
6.14 |
6.40 |
| China Construction Bank Special |
- |
4.45 |
5.19 |
5.45 |
| Co-operative Bank - First Home Special |
- |
▲4.75 |
- |
- |
| Co-operative Bank - Owner Occ |
5.85 |
▲4.85 |
▲5.35 |
▲5.65 |
| Co-operative Bank - Standard |
5.85 |
▲5.35 |
▲5.85 |
▲6.15 |
| Credit Union Auckland |
5.95 |
- |
- |
- |
| First Credit Union Special |
5.85 |
4.95 |
5.45 |
- |
| Heartland Bank - Online |
4.10 |
▲4.40 |
▲4.90 |
▲5.10 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Heretaunga Building Society |
6.10 |
5.00 |
5.75 |
- |
| HSBC Premier |
5.89 |
4.39 |
5.15 |
5.39 |
| HSBC Premier LVR > 80% |
- |
- |
- |
- |
| HSBC Special |
- |
- |
- |
- |
| ICBC |
5.25 |
4.39 |
5.09 |
5.45 |
| Kainga Ora |
5.43 |
4.57 |
5.58 |
5.85 |
| Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
| Kiwibank |
5.50 |
5.85 |
6.19 |
6.39 |
| Kiwibank - Offset |
5.50 |
- |
- |
- |
| Kiwibank Special |
5.00 |
4.85 |
5.19 |
5.39 |
| Liberty |
4.84 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Nelson Building Society |
6.45 |
▲5.55 |
▲6.15 |
- |
| Pepper Money |
4.49 |
- |
- |
- |
| Resimac |
6.19 |
5.60 |
6.16 |
6.29 |
| SBS Bank |
5.79 |
5.05 |
5.69 |
5.89 |
| SBS Bank Special |
- |
4.55 |
5.19 |
5.39 |
| Select Home Loans |
4.09 |
4.29 |
4.86 |
5.09 |
| TSB Bank |
5.59 |
5.14 |
5.79 |
6.15 |
| TSB Special |
4.79 |
4.34 |
4.99 |
5.35 |
| Unity |
5.65 |
4.95 |
5.55 |
- |
| Wairarapa Building Society |
5.74 |
4.95 |
5.75 |
- |
| Westpac |
5.94 |
▲5.95 |
▲6.29 |
▲6.59 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Westpac - Offset |
5.94 |
- |
- |
- |
| Westpac Special |
- |
▲5.35 |
▲5.69 |
▲5.99 |
| Median |
5.85 |
5.00 |
5.69 |
5.99 |
Last updated: 23 June 2022 9:02am Previous News
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Thursday, September 28th, 9:00AM
RBNZ announces OCR decision
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Tuesday, August 1st, 11:19AM
SBS eyes partnership with mortgage advisers
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Thursday, June 22nd, 9:00AM
OCR held again - here's what RBNZ had to say
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Thursday, May 11th, 10:26AM
Surprise at RBNZ’s OCR outlook
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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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