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Mortgages

Mortgage Rates Daily Commentary
Thursday 26 March 2020  Add your comment
HSBC's sub 3% rate; Advisers deal with client turmoil

HSBC has become the second bank after Heartland to offer a sub 3% rate, launching a new 18 month and one year loan rate at 2.95%: [READ ON]

Check out the latest market rates here.

Advisers say clients are asking for debt consolidation, moves to interest-only lending, and mortgage holidays, as the Covid-19 financial crisis takes hold: [READ ON]

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Latest Headlines

NZFSG cans awards

The country's largest dealer group, NZ Financial Services Group, has canned its awards as it doesn't want the wrath of the regulator.

Friday, March 27th, 4:05PM

NZFSG traditionally hands out awards to its advisers and groups based on volumes of business written. However, the recent roadshow was awardless.

It says it put the awards on the table with regulators, "but we sort of got the sense that this is not a good look," NZFSG chief executive Brendon Smith said at the group's recent roadshow.

The question from the Financial...MORE»

Advisers deal with client turmoil

Thursday, March 26th, 8:17AM

Advisers say clients are asking for debt consolidation, moves to interest-only lending, and mortgage holidays, as the Covid-19 financial crisis takes hold. 

MORE»

HSBC launches sub 3% bank rate

Thursday, March 26th, 7:08AM

HSBC has slashed mortgage rates below 3%, launching a new 18 month and one year loan rate at 2.95%.

MORE»

 

Previous News

NZFSG rolls out its FAP

Wednesday, March 25th, 6:25AM

NZ Financial Services Group is inviting all its members to join its FAP and has released pricing to the market.

MORE»

Six-month mortgage holiday for borrowers

Tuesday, March 24th, 3:33PM

Borrowers affected by the coronavirus crisis will be offered a six-month mortgage holiday under new proposals drawn up by the Government.

MORE»

Advisers head into uncharted territory

Tuesday, March 24th, 7:31AM

Mortgage advisers are changing their business models amid the coronavirus outbreak, and diversifying ahead of a downturn in the housing market.

MORE»

Westpac latest to cut fixed rates

Monday, March 23rd, 4:19PM

Westpac is the fourth bank to cut fixed rates after last week's official cash rate cut, dropping its one year term to 3.09%.

MORE»

BNZ enters price war with 3.05% fixed mortgage

Friday, March 20th, 5:25PM

BNZ has launched a 3.05% 18 month fixed mortgage, the joint-cheapest ever offered by a major bank.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA ▼4.55 ▼3.55 3.89 3.99
AIA Special - ▼3.05 3.39 3.69
ANZ 4.44 3.55 3.85 4.49
ANZ Special - 3.05 3.35 3.99
ASB Bank 4.45 ▼3.55 3.89 3.99
ASB Bank Special - ▼3.05 3.39 3.69
Bluestone 4.44 4.44 4.29 4.34
BNZ - Classic - ▼3.09 ▼3.35 3.69
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 ▼3.75 ▼4.10 4.55
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - ▼3.15 ▼3.15 3.19
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland ▼3.95 ▼2.89 ▼2.97 ▼3.39
Heartland Bank - Online - - - -
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 ▼2.95 ▼3.09 ▼3.50
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 3.94 4.08 4.39
Kiwibank 4.40 3.84 4.14 4.40
Kiwibank - Capped - - - -
Kiwibank - Offset 4.40 - - -
Kiwibank Special - 3.09 3.39 3.65
Liberty 5.69 - - -
Lender Flt 1yr 2yr 3yr
Napier Building Society - - - -
Nelson Building Society 4.95 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.45 3.89 3.94
RESIMAC Special - - - -
SBS Bank 4.54 4.85 5.05 5.49
SBS Bank Special - ▼3.09 ▼3.39 ▼3.69
The Co-operative Bank - Owner Occ 4.40 ▼3.25 ▼3.45 ▼3.69
The Co-operative Bank - Standard 4.40 ▼3.75 ▼3.85 ▼4.19
Lender Flt 1yr 2yr 3yr
TSB Bank 5.34 ▼3.89 ▼4.15 ▼4.49
TSB Special 4.54 ▼3.09 ▼3.35 ▼3.69
Wairarapa Building Society 4.99 3.95 ▼3.99 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - ▼3.09 ▼3.39 3.69
Median 4.60 3.65 3.89 3.99

Last updated: 27 March 2020 3:09pm

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