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Last Article Uploaded: Tuesday, September 25th, 5:59PM
Mortgage Rates Daily Commentary
Monday 24 September 2018  Add your comment
Big start to the week; New owners at MX

Lots of news to kick off the week.

First up, an Australian dealer group has taken a 50% stake in Mortgage Express. Here's the first of our stories on who bought in.

On the home loan rates front there have been some big cuts from SBS. The cuts are to all rates from two years out to five years. What's interesting is that the cuts are to its Special. The only carded rate to fall is its two-year rate.

All these changes, bar three-years, are market leading rates. 

Here's the table sorted on two-years lowest to highest.

Added to that Kiwibank has taken 20 basis points off its two-year fixed rate.

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Latest Headlines

Beyond The Banks – Alternative Lending Options In A Restricted Market

When the bank says NO!

Tuesday, September 25th, 1:17PM

Under increasing external pressure from the Reserve Bank, and internal pressure from credit-tightening measures, banks are limiting borrowing. This in turn has led to a huge increase in demand for loans from non-bank lenders. 

With LVR restrictions from the Reserve Bank along with major banks shying away from bridging finance, mortgage advisers must think outside the box to...MORE»

Aussie group buys into Mortgage Express

Monday, September 24th, 7:46AM

[UPDATED] Australian dealer group Astute Financial has taken a 50% stake in Mortgage Express.

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OCR to stay at record low: Preview Survey

Friday, September 21st, 7:30AM

New Zealand’s top economists predict the Reserve Bank will hold the Official Cash Rate next week,  as the central keeps a close watch on GDP growth and inflation.

MORE»

 

Previous News

No firm call on CGT

Thursday, September 20th, 1:08PM

Introduction of a capital gains tax still looks likely but wealth taxes and land taxes are not on the cards, the Tax Working Group’s interim report reveals.

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Reverse mortgages, motor, drive Heartland growth

Thursday, September 20th, 6:00AM

Lender Heartland says it will pursue its strategy of focusing on “best or only” products, as it reports an 11% increase in profit.

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Mortgage brokers key channel for profit-surging banks: KPMG

Wednesday, September 19th, 6:00AM

Mortgage advisers are predicted to continue to be an important source of business for Kiwi banks as they soar to new heights of profitability.

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How low could the OCR go?

Tuesday, September 18th, 7:30AM

Economists at lender ANZ believe we could see a 50 to 100 basis point cut in the OCR if the country’s financial data disappoints.

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AI: Advice's next big disruption

Monday, September 17th, 11:22AM

Forget roboadvice, financial advice could be tipped on its head by the sector’s adoption of artificial intelligence technology, moving power from those with the assets to those with the data.

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MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.69 4.85 4.99
ANZ Special - 4.19 4.35 4.49
ASB Bank 5.80 4.59 4.75 4.79
ASB Bank Special - 4.19 4.35 4.39
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.19 4.35 4.49
BNZ - Std, FlyBuys 5.90 4.89 5.05 5.25
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
Lender Flt 1yr 2yr 3yr
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 4.90 4.95 -
Housing NZ Corp ▲5.80 ▼4.69 ▼4.79 ▼4.79
HSBC Premier 5.89 3.99 4.19 4.69
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.69 ▼4.69 5.35
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.19 ▼4.19 4.85
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special - - - -
SBS Bank 5.89 4.85 5.05 ▼4.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.19 ▼4.19 ▼4.49
Sovereign 5.90 4.59 4.75 4.79
Sovereign Special - 4.19 4.35 4.39
The Co-operative Bank - Owner Occ 5.75 ▼4.19 ▼4.39 ▼4.49
The Co-operative Bank - Standard 5.75 ▼4.69 ▼4.89 ▼4.99
TSB Bank 5.80 4.74 4.79 4.99
TSB Special - 4.24 4.29 4.49
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 ▼4.69 ▼4.79 ▼5.19
Westpac - Offset 5.95 - - -
Westpac Special - 4.29 ▼4.35 ▼4.49
Median 5.89 4.69 4.75 4.79

Last updated: 24 September 2018 8:24am

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