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Mortgages

Mortgage Rates Daily Commentary
Friday 7 May 2021  Add your comment
Reserve Bank's housing market fears

Recent entrants to the housing market are vulnerable to rising interest rates, and 5% home loans could swallow up 50% of new buyers' household income, according to the Reserve Bank: [READ ON]

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Reserve Bank's housing market fears

Recent entrants to the housing market are vulnerable to rising interest rates, and 5% home loans could swallow up 50% of new buyers' household income, according to the Reserve Bank.

Thursday, May 6th, 2:57PM

Following the central bank's latest Financial Stability Report, the bank has outlined why it is concerned about "vulnerabilities" in the market. 

The RBNZ warned that the long-term downward trend in interest rates could reverse, posing a risk to those who have acquired homes at "elevated" recent levels. 

The central bank estimates that an increase...MORE»

ANZ sees manic lending in first half of year

Thursday, May 6th, 6:22AM

ANZ has seen manic home loan volumes and mortgage advisers are accounting for a greater share of its business.

MORE»

Reserve Bank fires warning over risky mortgage lending

Wednesday, May 5th, 10:50AM

The Reserve Bank has warned that "a high proportion" of recent mortgage lending has had high debt-to-income and LVR ratios, making borrowers more vulnerable.

MORE»

 

Previous News

Home lending drives ANZ profit

Wednesday, May 5th, 10:35AM

ANZ New Zealand saw post-tax profits rise by 42% in the half-year to March, underpinned by a buoyant housing market and strong home lending book.

MORE»

NZ banks in strong shape

Wednesday, May 5th, 5:26AM

New Zealand lenders bounced back from the pandemic to increase profits by 35.1% quarter-on-quarter in the three months to December.

MORE»

Wait on DTIs and interest-only restrictions

Tuesday, May 4th, 9:46AM

Mortgage advisers will have to wait a little longer to discover if and when the Reserve Bank will introduce debt to income ratios and interest-only lending curbs, according to economists.

MORE»

Westpac NZ profit rebounds; CEO to retire

Monday, May 3rd, 10:37AM

Westpac New Zealand recorded a 98% profit increase in the six months to March and has announced the imminent retirement of its chief executive, David McLean.

MORE»

Further evidence of booming market

Monday, May 3rd, 9:52AM

Property lending soared to $10.4 billion in March according to the latest Reserve Bank data – the highest monthly volume on record.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.25 2.59 2.89
ANZ 4.44 2.85 3.19 3.49
ANZ Special - 2.25 2.59 2.89
ASB Bank 4.45 2.25 2.59 2.89
Basecorp Finance 5.49 - - -
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - ▼2.25 ▼2.55 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 ▼2.85 ▼3.15 3.39
BNZ - TotalMoney 4.55 - - -
Lender Flt 1yr 2yr 3yr
CFML Loans 4.95 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland Bank - Online 2.50 1.99 2.35 2.45
Heretaunga Building Society 4.99 3.40 3.50 -
HSBC Premier 4.49 2.25 2.35 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - 2.25 - -
ICBC 3.69 2.25 2.35 2.65
Kainga Ora 4.43 2.67 2.97 3.13
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.40 3.20 ▼3.40 ▲3.64
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.35 ▼2.55 ▲2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.20 3.24 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
Lender Flt 1yr 2yr 3yr
SBS Bank 4.54 2.79 2.99 3.29
SBS Bank Special - 2.29 2.49 2.79
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - 2.09 - -
The Co-operative Bank - Owner Occ 4.40 ▼2.25 2.59 2.79
The Co-operative Bank - Standard 4.40 ▼2.75 3.09 3.29
TSB Bank 5.34 3.05 3.29 ▲3.59
TSB Special 4.54 2.25 2.49 ▲2.79
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 ▼2.85 3.19 3.49
Westpac - Offset 4.59 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - ▼2.25 2.59 2.89
Median 4.55 2.71 2.99 2.89

Last updated: 6 May 2021 10:51am

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