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Mortgages

Mortgage Rates Daily Commentary
Wednesday 6 December 2023  Add your comment
Kelvin Davidson takes a deep dive into the mortgage market stats

The market has been relatively subdued over the past 12-18 months, alongside the downturn in sales volumes and property prices. [READ ON]

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Ten things to know about mortgage debt

The market has been relatively subdued over the past 12-18 months, alongside the downturn in sales volumes and property prices.

Wednesday, December 6th, 12:37PM

But there are now signs of a turnaround for those variables, and lending activity is also starting to rise – albeit from a low base.  So what’s the current lie of the land and what are key things to keep in mind?

CoreLogic’s chief property economist Kelvin Davidson takes a deep dive into the mortgage market stats.

1. New lending flows over August-October...MORE»

Market doesn't believe RBNZ's tough talk

Tuesday, December 5th, 9:44AM

Loan Market mortgage adviser Bruce Patten says the Reserve Bank is posturing when it says it might raise the OCR again next year if inflation is not under control.

MORE»

Interest-only loans spurned as mortgage arrears increase

Monday, December 4th, 9:55AM

Alongside increased credit demand, mortgage arrears are up 25% year-on-year as households across the country continue to roll from low to high fixed interest rates.

MORE»

 

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OCR assumptions don’t add up

Friday, December 1st, 9:59AM

Economist Tony Alexander doesn’t believe the RBNZ will keep the OCR at 5.50% or higher through to the middle of 2025, even though the central bank is forecasting a possible further hike next year.

MORE»

Record immigration to blame for rates staying higher for longer: RBNZ

Thursday, November 30th, 9:02AM

Those bearing the brunt of rising mortgage rates can blame the impact of record net immigration for interest rates remaining high into 2025 before they're likely to see any relief.

MORE»

RBNZ dashes hope of 2024 interest rate cut

Wednesday, November 29th, 3:49PM

The Reserve Bank left its official cash rate (OCR) unchanged at 5.5% and said “ a prolonged period of subdued activity is required to reduce inflationary pressure.”

MORE»

BREAKING: OCR held, but comes with a warning

Wednesday, November 29th, 2:00PM

The Reserve Bank has held the official cash rate at 5.50% but warns it could rise.

MORE»

Mortgage lending should be removed from CCCFA

Wednesday, November 29th, 11:08AM

If ever there was a law designed to do good but in need of a rewrite, it is the CCCFA.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.45 7.05 6.85
ANZ 8.64 7.99 7.69 7.49
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.39 7.09 6.89
ASB Bank 8.64 ▼7.39 7.05 6.85
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.35 7.05 6.85
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.95 7.65 7.45
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.10 - -
Co-operative Bank - Owner Occ 8.40 7.30 7.05 6.85
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.80 7.55 7.35
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.99 6.85 6.65
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.85 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.59 7.29
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.35 8.05 7.79
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.35 7.05 6.89
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.90 7.75 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.30 7.89 7.69
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.30 8.89 8.69
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 8.05 7.65 7.29
SBS Bank Special - 7.55 7.15 6.79
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 7.05 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.19 7.89 7.65
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.39 7.09 6.85
Unity 8.64 6.99 6.99 -
Wairarapa Building Society 8.60 7.15 6.94 -
Westpac 8.64 7.99 7.59 7.35
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.39 6.99 6.75
Median 8.64 7.45 7.40 6.87

Last updated: 7 December 2023 9:28am

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