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Last Article Uploaded: Saturday, May 25th, 2:10AM
Mortgage Rates Daily Commentary
Friday 24 May 2019  Add your comment
Westpac says RBNZ capital proposals would add $6,000 a year to an Auckland mortgage

Westpac says the RBNZ proposed capital requirements would add $6000 a year to an Auckland mortgage; and it is highly critical of the proposal.

See more here, plus table with what it would mean for home loans.

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Latest Headlines

Investor activity subdued in April

Investors borrowed just $988 million in April, down from $1.26 billion in the same month last year, according to new figures from the Reserve Bank.

Friday, May 24th, 3:09PM

RBNZ's April data shows investors took $988 million of the $5.4 billion lent for New Zealand home purchases. The weak numbers follow a slight resurgence in April, when investors borrowed $1.09 billion.

May's figures are likely to be stronger, after the government abandoned plans to introduce a capital gains tax last months. But ongoing LVR curbs on investor borrowing, and other proposals,...MORE»

Westpac says RBNZ capital proposals would add $6,000 a year. to an Auckland mortgage

Friday, May 24th, 10:02AM

Westpac says the Reserve Bank’s bank capital proposals will mean homeowners with an average mortgage in Auckland will be paying about $6,000 a year more in interest.

MORE»

SFO raids office of Dunedin adviser

Friday, May 24th, 9:55AM

The Serious Fraud Office, with the assistance of the Financial Markets Authority, has executed search warrants on Thursday in relation to an investigation concerning the Dunedin-based financial adviser.

MORE»

 

Previous News

Small banks fire warning on capital requirements

Thursday, May 23rd, 1:47PM

Four smaller banks have warned that the Reserve Bank's new capital proposals could inadvertently widen the competitive gap between them and the big four.

MORE»

LVR restrictions stabilise property market: RBNZ

Wednesday, May 22nd, 3:03PM

Loan to value ratio restrictions play a crucial role in promoting financial stability, the Reserve Bank has concluded, following a review of macroprudential policy.

MORE»

Prospa's rapid growth

Tuesday, May 21st, 8:57AM

Small business lending specialist Prospa, has appointed two business development managers, including Resimac's former sales manager, to support its growing New Zealand operation.

MORE»

Non-bank Pepper teams up with Astute

Monday, May 20th, 10:13AM

Australian non-bank lender Pepper Money has taken a big step into the New Zealand market by signing a partnership deal with Astute.

MORE»

Australian election a win for advisers

Monday, May 20th, 9:04AM

Scott Morrison's Liberal Coalition has won the Australian Federal Election, a result which means potential bans on upfront and trail commission will be put on the back burner.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.69 4.39 4.45 4.55
ANZ Special - 3.89 3.95 4.05
ASB Bank 5.70 4.45 4.39 4.55
ASB Bank Special - 3.95 3.89 4.05
BNZ - Classic - 3.89 3.95 ▼3.89
BNZ - Mortgage One 6.40 - - -
BNZ - Rapid Repay 5.85 - - -
BNZ - Std, FlyBuys 5.80 4.69 4.59 4.79
BNZ - TotalMoney 5.80 - - -
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 5.20 5.25 -
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 ▼4.60 ▼4.75 -
Housing NZ Corp 5.80 4.69 4.49 4.45
HSBC Premier 5.89 3.99 3.99 4.39
HSBC Premier LVR > 80% - - - -
HSBC Special - 3.69 3.69 3.95
Lender Flt 1yr 2yr 3yr
ICBC 5.79 3.95 3.99 3.95
Kiwibank 5.80 4.80 4.94 4.84
Kiwibank - Capped - - - -
Kiwibank - Offset 5.65 - - -
Kiwibank Special - 4.05 3.99 4.09
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 4.89 4.99 -
Resimac 5.30 4.86 4.46 4.69
RESIMAC Special - - - -
SBS Bank 5.79 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 3.99 3.99 3.99
Sovereign 5.80 4.45 4.39 4.55
Sovereign Special - 3.95 3.89 4.05
The Co-operative Bank - Owner Occ 5.65 3.99 3.99 4.15
The Co-operative Bank - Standard 5.65 4.49 4.49 4.65
TSB Bank 5.69 4.55 4.49 4.65
TSB Special - 4.05 3.99 4.15
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.79 4.69 4.79 5.19
Westpac - Offset 5.79 - - -
Westpac Special - 3.89 3.95 3.95
Median 5.80 4.45 4.42 4.42

Last updated: 23 May 2019 12:07pm

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