Anxiety levels to be tested

ASB Bank economist Anthony Byett gives his views on the best home loan rate deal in wake of the Reserve Banks' Monetary Policy Statement last week.

Tuesday, December 9th 2003, 6:32AM

by The Landlord

The Reserve Bank has just delivered its "no change" policy. The Official Cash Rate remains at 5.00%, at least for now. It is apparent that the RBNZ is exercising patience. It intends to use the full breath of the medium term and average rate nature of the inflation target.

The RBNZ is also very cognisant of a rising NZ dollar and the risks that the NZ dollar could appreciate considerably more, mainly because the NZ dollar may get swept up in the weakening US dollar frenzy - "... the US dollar which seems to be on a trend decline with some

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Lender

Flt

1yr

2yr

3yr

AIA - Back My Build

4.44

AIA - Go Home Loans

6.54

4.89

4.95

5.09

ANZ

6.49

5.55

5.69

ANZ Blueprint to Build

7.39

ANZ Good Energy

1.00

ANZ Special

4.95

5.09

ASB Bank

6.44

4.89

4.95

5.09

ASB Better Homes Top Up

1.00

Avanti Finance - Near Prime

6.90

Avanti Finance - Specialised

8.34

Basecorp Finance

7.25

Lender

Flt

1yr

2yr

3yr

BNZ - Classic

5.99

5.69

BNZ - Mortgage One

6.54

BNZ - Rapid Repay

6.54

BNZ - Std

6.44

4.89

4.95

5.09

BNZ - TotalMoney

6.54

CFML 321 Loans

4.99

CFML Home Loans

6.70

CFML Prime Loans

7.20

CFML Standard Loans

7.99

China Construction Bank

6.44

4.85

4.95

China Construction Bank Special

6.44

5.85

5.95

Lender

Flt

1yr

2yr

3yr

Co-operative Bank - First Home Special

4.85

Co-operative Bank - Owner Occ

5.95

4.95

4.99

5.25

Co-operative Bank - Standard

5.95

5.45

5.49

5.75

Credit Union Auckland

7.70

First Credit Union Special

5.29

5.19

First Credit Union Standard

6.94

5.79

5.49

Heartland Bank - Online

5.99

5.89

Heartland Bank - Reverse Mortgage

Heretaunga Building Society

7.45

5.90

5.80

ICBC

6.50

4.85

4.95

5.05

Kainga Ora

6.44

4.89

4.95

5.09

Lender

Flt

1yr

2yr

3yr

Kainga Ora - First Home Buyer Special

Kiwibank

6.35

5.79

5.85

5.95

Kiwibank - Offset

6.35

Kiwibank Special

4.89

4.95

5.15

Liberty

6.90

6.80

6.50

6.45

Nelson Building Society

6.94

4.99

4.93

Pepper Money Near Prime

6.85

Pepper Money Prime

6.29

Pepper Money Specialist

8.30

SBS Bank

6.49

5.55

5.75

SBS Bank Special

4.95

5.15

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Flt

1yr

2yr

3yr

SBS Construction lending for FHB

3.94

SBS FirstHome Combo

4.29

SBS FirstHome Combo

SBS Unwind reverse equity

8.64

TSB Bank

7.19

5.69

5.75

6.09

TSB Special

6.39

4.89

4.95

5.29

Unity First Home Buyer special

4.29

Unity Special

6.64

4.99

Unity Standard

6.64

5.79

Wairarapa Building Society

6.75

5.09

4.95

Westpac

6.59

5.49

5.55

5.59

Lender

Flt

1yr

2yr

3yr

Westpac Choices Everyday

6.69

Westpac Offset

6.59

Westpac Special

4.89

4.95

4.99

Median

6.56

4.99

5.15

NZ's Financial Adviser News Centre

News

Anxiety levels to be tested

ASB Bank economist Anthony Byett gives his views on the best home loan rate deal in wake of the Reserve Banks' Monetary Policy Statement last week.

Tuesday, December 9th 2003, 6:32AM

Commenting is closed