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Last Article Uploaded: Sunday, November 28th, 11:59AM

Mortgages

Mortgage Rates Daily Commentary
Thursday 25 November 2021  Add your comment
Westpacs problems exposed; Orr says bank put best foot forward

Westpac's governance issues have been detailed in a new report. [READ ON]

Adrian Orr: We put our best foot forward

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Latest Headlines

Westpac's governance problems detailed

Westpac NZ has been pinged by the Reserve Bank (RBNZ) for having insufficient banking expertise among its board of directors.

Thursday, November 25th, 11:31AM

It also had technical failures and insufficient monitoring of liquidity, and some problems dragged on for years.

The RBNZ qualifies its criticism by saying Westpac's NZ’s financial position is sound.

But it was worried enough to commission an independent report by the international consultancy Oliver Wyman in March.

It based this on what it called material shortcomings...MORE»

Adrian Orr: We put our best foot forward

Thursday, November 25th, 6:00AM  1 comment

Hundreds of thousands of mortgage holders could get a shock as rising interest rates start to bite in the next 12 months.

MORE»

Reaction to OCR hike

Wednesday, November 24th, 2:26PM

The base interest rate is going up by 25 basis points to 0.75%

MORE»

 

Previous News

RBNZ hikes rates, and promises more

Wednesday, November 24th, 2:21PM

[What the bank said] The Reserve Bank has increased the official cash rate in a bid to reduce monetary stimulus.

MORE»

RBNZ adds new option to DTI consultation

Wednesday, November 24th, 10:09AM

The Reserve Bank (RBNZ) has started consultation on debt-to-income ratios, but added a new, and more sensible option.

MORE»

ANZ too clamps down on low-deposit loans

Tuesday, November 23rd, 10:12AM

ANZ has joined BNZ and Kiwibank in cutting back on low-deposit loans for houses.

MORE»

Banks need to make CCCFA easy for advisers: Gough

Tuesday, November 23rd, 6:00AM

Banks, finance companies and mortgage advisers are gritting their teeth and bracing for mountains of paperwork as the (not so) brave new world of credit legislation starts next week.

MORE»

BNZ has further toughened its lending criteria

Monday, November 22nd, 5:00PM

It will not lend money to owner-occupiers who do not have at least a 20% deposit. An exception will be made for newly-built property.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 3.65 4.35 4.69
ANZ ▲4.79 ▲4.25 ▲4.95 ▲5.35
ANZ Blueprint to Build ▲2.03 - - -
ANZ Special - ▲3.65 ▲4.35 ▲4.75
ASB Back My Build 2.04 - - -
ASB Bank 4.45 3.65 4.35 4.69
Avanti Finance 4.55 - - -
Basecorp Finance 5.49 - - -
Bluestone 3.74 3.54 3.89 4.09
BNZ - Classic - ▲3.65 ▲4.35 ▲4.69
BNZ - Mortgage One 5.15 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Rapid Repay ▲4.95 - - -
BNZ - Std, FlyBuys ▲4.95 ▲4.25 ▲4.95 ▲5.29
BNZ - TotalMoney ▲4.95 - - -
CFML Loans 5.15 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.95 - - -
First Credit Union Special 5.85 3.59 4.09 -
Heartland Bank - Online 2.25 1.85 2.35 2.65
Heretaunga Building Society 5.25 4.00 4.60 -
HSBC Premier 4.49 2.19 2.45 2.69
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - 2.25 - -
ICBC 4.15 ▲3.29 3.85 4.19
Kainga Ora 4.43 2.88 3.28 3.59
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 4.05 4.34 5.00 5.34
Kiwibank - Offset 4.00 - - -
Kiwibank Special 4.05 3.49 4.15 4.49
Liberty 4.84 - - -
Nelson Building Society 4.95 3.99 4.59 -
Pepper Essential 4.79 - - -
Lender Flt 1yr 2yr 3yr
Resimac 3.39 3.54 3.89 4.09
SBS Bank 4.79 3.65 4.19 4.25
SBS Bank Special - 3.15 3.69 3.75
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - 3.29 - -
The Co-operative Bank - Owner Occ 4.55 3.49 4.15 4.49
The Co-operative Bank - Standard 4.55 3.99 4.65 4.99
TSB Bank 5.34 4.09 4.74 4.99
TSB Special 4.54 3.29 3.94 4.19
Unity 5.65 4.15 4.60 -
Wairarapa Building Society 4.99 3.55 3.89 -
Lender Flt 1yr 2yr 3yr
Westpac ▲5.09 4.25 4.95 5.29
Westpac - Offset ▲5.09 - - -
Westpac Special - 3.65 4.35 4.69
Median 4.67 3.59 4.27 4.49

Last updated: 26 November 2021 9:41am

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