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Last Article Uploaded: Wednesday, October 16th, 12:14PM
Mortgage Rates Daily Commentary
Wednesday 16 October 2019  Add your comment
Westpac rate cuts; housing market to impact OCR?

Westpac has reacted to ANZ's rate cuts with a move of its own. The bank has cut 1 and 2 year fixed special rates in line with its rival. Compare and contrast here.

Could stronger-than-expected housing market data influence the Reserve Bank's thinking on the Official Cash Rate? [READ ON].

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Latest Headlines

House price rally could reduce odds of OCR cut: Westpac

A pickup in the housing market could give the Reserve Bank "pause for thought" over further official cash rate cuts, according to Westpac economists.

Tuesday, October 15th, 3:38PM

The latest Real Estate Institute of New Zealand data, which showed a 6.6% increase year on year in September, could prompt the RBNZ to rethink further aggressive OCR cuts, Westpac chief economist Dominick Stephens told TMM Online

Stephens believes the expected November cut – fully priced in by...MORE»

Price wars continue with ANZ rate cuts

Monday, October 14th, 5:59PM

Borrowers are set to enjoy even lower mortgage rates after ANZ slashed its fixed rate options to new lows.

MORE»

Lifetime puts all advisers into salaries

Friday, October 11th, 4:41PM

Adviser group Lifetime has changed its remuneration structure, moving advisers onto an annual salary following its merger with Camelot NZ last year.

MORE»

 

Previous News

Weak business confidence will lead to OCR cut

Thursday, October 10th, 10:28AM

Weak business confidence numbers will increase the chances of another Official Cash Rate cut next month, say Westpac economists.

MORE»

Servicing test changes limited

Wednesday, October 9th, 10:01AM

Banks have made adjustments to serviceability tests since the Official Cash Rate cut in August, but advisers doubt whether the changes will have a big impact on pass rates.

MORE»

Advisers welcome new mortgage entrant

Tuesday, October 8th, 9:50AM

Advisers have welcomed Simplicity's entrance into the mortgage market, but doubt whether the 2.95% home loan product will have a major impact.

MORE»

ASB: OCR will fall to 0.5%

Monday, October 7th, 2:14PM

Weak business and consumer confidence will see the Reserve Bank slash the Official Cash Rate to 0.5% by February, according to economists at ASB Bank.

MORE»

Heartland hails reverse mortgage growth

Friday, October 4th, 1:50PM

New Zealand retirees are increasingly turning to reverse mortgage options, according to Heartland Bank, after the lender's New Zealand reverse mortgage book grew by 11.4%.

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 4.15 3.99 4.39
ASB Bank Special - 3.65 3.49 3.89
BNZ - Classic - 3.65 3.49 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 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
Housing NZ Corp 5.19 4.15 4.09 4.39
HSBC Premier 5.24 3.35 3.35 3.35
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kiwibank 5.80 4.30 4.24 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.55 3.49 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.69 4.79 -
Resimac 4.50 4.86 3.89 3.94
Lender Flt 1yr 2yr 3yr
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.65 3.59 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 4.49 4.39 4.85
TSB Special 5.29 3.69 3.59 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.34 - - -
Westpac Special - ▼3.55 ▼3.45 3.99
Median 5.34 4.15 3.99 4.05

Last updated: 15 October 2019 3:57pm

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