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Last Article Uploaded: Tuesday, September 17th, 8:32PM
Mortgage Rates Daily Commentary
Monday 16 September 2019  Add your comment
Arrival of new player adds more spice to the lending market

Australian non-bank lender Pepper Money has finally landed in New Zealand. [READ ON]

Also BNZ has made a couple of changes to its two-year fixed rates.

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Latest Headlines

Pepper Money launches in NZ

Australian non-bank lender Pepper Money has launched mortgage lending operations in New Zealand, with a vow to bring Kiwi borrowers unprecedented levels of choice and flexibility in their mortgage options.

Monday, September 16th, 8:49AM

The announcement comes after the new business received final regulatory approval to operate in New Zealand.

While it will operate as a stand-alone New Zealand lender, Pepper will draw on the expertise and capability of both the Australian business and the international Pepper Group, with lending operations also in Ireland, the UK Spain and Asia.

Pepper will be headed by New Zealand-born...MORE»

Banks raise cheap wholesale funding ahead of Spring mortgage surge

Wednesday, September 11th, 10:17AM  1 comment

Westpac and ASB Bank’s success at raising wholesale funds at low interest rates should help fuel competition through the traditionally active Spring mortgage market, says KPMG.

MORE»

NZ banks face headwinds

Tuesday, September 10th, 6:02AM  1 comment

The likelihood that New Zealand will face a severe house price correction has reduced and so too have the risks to lenders; however they face profitability headwinds.

MORE»

 

Previous News

Bluestone's white-label loans take off with NZFSG

Monday, September 9th, 11:26AM

NZFSG advisers have embraced the company's Select Home Loans white-label product, lodging around $250 million in applications in the first couple of months.

MORE»

Expect three more OCR cuts – ANZ

Friday, September 6th, 11:05AM

Ongoing deterioration of the growth and inflation outlook means that ANZ is predicting that the Reserve Bank will cut the Official Cash Rate (OCR) to 0.25% by May next year.

MORE»

RBNZ says don't believe what banks say about capital

Friday, September 6th, 6:31AM

Don’t believe what banks say about how much capital they should have to hold, Reserve Bank deputy governor Geoff Bascand told the New Zealand Shareholders’ Association.

MORE»

Low deposits won’t lead to mortgage free for all

Thursday, September 5th, 5:59PM

5% deposits for first home buyers – it’s one of the centrepieces of the KiwiBuild “reset” – but advisers are asking whether it will actually make the sort of difference hoped for.

MORE»

Govt makes KiwiBuild loans easier, drops 100,000 homes target

Wednesday, September 4th, 1:39PM

The government is dropping its target to build 100,000 affordable homes over a decade but will keep the name of its troubled flagship policy - KiwiBuild - while making it easier for people to finance their way into home ownership through the scheme.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.15 4.09 4.49
ANZ Special - 3.65 3.59 3.99
ASB Bank 5.20 4.15 4.09 4.39
ASB Bank Special - 3.65 3.59 3.89
BNZ - Classic - 3.65 ▼3.54 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 5.65 3.85 3.95 3.89
Kiwibank 5.80 4.30 4.34 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.55 3.59 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.69 4.79 -
Resimac 5.30 4.86 4.14 4.19
Lender Flt 1yr 2yr 3yr
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.69 3.69 3.99
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 3.65 3.59 3.99
The Co-operative Bank - Standard 5.15 4.15 4.09 4.49
TSB Bank 6.09 4.65 4.59 4.85
TSB Special 5.29 3.85 3.79 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 - 3.65 3.59 3.99
Median 5.35 4.15 4.09 4.19

Last updated: 16 September 2019 10:03am

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