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Last Article Uploaded: Wednesday, November 20th, 10:39PM
Mortgage Rates Daily Commentary
Wednesday 20 November 2019  Add your comment
BNZ censured over capital failing; new BDM at Prospa

BNZ has been censured by the Reserve Bank over capital modelling errors, becoming the latest big bank to fall foul of the RBNZ: [READ ON]

Australia-based non-bank Prospa has hired a new BDM for the New Zealand market. Find out more on our people section: [READ ON]

 

 

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Latest Headlines

BNZ censured over capital failings

The Reserve Bank will increase its supervision of BNZ after capital modelling errors were found.

Tuesday, November 19th, 4:01PM

The Reserve Bank said BNZ identified errors "during a process of remediation" which began in early 2018 and will continue through 2020. BNZ made three capital calculation errors, which resulted in "misreported risk-weighted assets over a number of years".

The RBNZ said it had "increased its supervisory monitoring" of BNZ and applied "precautionary adjustments...MORE»

Mortgage rates may be at cycle low: ASB

Monday, November 18th, 4:33PM

It is "quite possible" fixed rate mortgages have hit their lowest point in this cycle, according to economists at ASB.

MORE»

Kiwibank slashes one-year mortgage to new low

Friday, November 15th, 6:36PM

Kiwibank has cut its one-year fixed term to 3.39%, a new low, despite the OCR remaining on hold.

MORE»

 

Previous News

Dealer groups warn of rising costs under new regime

Friday, November 15th, 8:43AM

Dealer groups say the cost of membership is likely to rise under the new regulatory regime, with estimates ranging from $3,000 to $21,000 extra per year.

MORE»

Westpac plans turnaround time overhaul

Thursday, November 14th, 8:40AM

Westpac has introduced a new mortgage approval system to cut turnaround times, sending loan applications to local branches for completion.

MORE»

Awesome end to TMM Better Business conference

Wednesday, November 13th, 8:09PM

Here's a little video of the final session of the TMM Better Business conference.

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Wholesale interest rates rise after OCR decision

Wednesday, November 13th, 3:35PM

Wholesale interest rates have jumped after the official cash rate was kept on hold, sparking fears of rising mortgage rates.

MORE»

OCR reaction: economists surprised but expect 2020 cut

Wednesday, November 13th, 2:42PM

Economists were surprised by the Reserve Bank's decision to keep the official cash rate on hold, but expect the central bank to ease rates next year.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 3.95 4.49
ANZ Special - 3.55 3.45 3.99
ASB Bank 5.20 4.05 3.95 4.39
ASB Bank Special - 3.55 3.45 3.89
BNZ - Classic - 3.55 3.45 3.99
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 6.15 4.95 4.95 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
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 4.80 4.95 -
HSBC Premier 5.24 3.35 3.35 3.35
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 4.04 3.95 4.39
Kiwibank 5.80 ▼4.14 ▲4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - ▼3.39 ▲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 4.86 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.55 3.39 3.89
Sovereign 5.30 4.15 4.29 4.55
Sovereign Special - 3.65 3.75 4.05
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 4.35 4.25 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.55 3.45 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.55 3.45 3.99
Median 5.34 4.04 4.09 4.39

Last updated: 15 November 2019 4:16pm

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