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Mortgages

Mortgage Rates Daily Commentary
Tuesday 26 January 2021  Add your comment
Calls to risk weight investor loans

Banks should be forced to risk-weight investor mortgages and loans on interest-only terms, suggest economists from Kiwibank: [READ ON]

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Call to risk-weight investor loans

Banks should be forced to risk-weight investor mortgages and loans on interest-only terms, according to economists from Kiwibank.

Monday, January 25th, 4:51PM

The economists, led by chief economist Jarrod Kerr, believe action is needed to "rein in" the housing market, following red hot activity fuelled by record-low interest rates. 

In their latest note to the market, the team calls for a rethink in how home loans are priced and allocated.

They believe the Reserve Bank should enforce a "reassessment, and bank repricing,...MORE»

Warning on fee for service charges

Monday, January 25th, 9:34AM

More clients are playing off mortgage advisers against their bank, leading to disputes over fee-for-service charges, says FSCL chief executive Susan Taylor. 

MORE»

ASB, BNZ, Kiwibank slash rates

Friday, January 22nd, 8:57AM

ASB and BNZ have joined their big four rivals in slashing their one year special rates to 2.29%, while Kiwibank has also made cuts, as downward pressure continues in the home loan market. 

MORE»

 

Previous News

Westpac drops negative OCR call

Thursday, January 21st, 9:43AM

Westpac has dropped its prediction for a negative official cash rate due to the red-hot housing market. 

MORE»

Mortgage price wars heat up

Wednesday, January 20th, 10:07AM

ANZ has followed Westpac in slashing its one year special rate to 2.29%, the joint lowest "big four" rate in the market. 

MORE»

Market momentum tipped to continue

Wednesday, January 20th, 8:18AM

Economists predict that the red-hot housing market will continue in the near-term, with listings not growing fast enough to meet demand. 

MORE»

Why we won't get negative rates

Tuesday, January 19th, 8:29AM

ASB has become the latest bank to reverse its forecast for a negative official cash rate.

MORE»

Be clear on clawbacks

Monday, January 18th, 10:42AM

Mortgage advisers must clearly disclose clawback agreements with clients, industry leaders say, as disputes on the topic continue to emerge. 

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.69 2.79
ANZ 4.44 ▼2.89 3.25 3.39
ANZ Special - ▼2.29 2.69 2.79
ASB Bank 4.45 ▼2.29 2.59 2.65
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - ▼2.29 ▼2.59 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 ▼2.89 ▼3.19 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online 2.50 1.99 2.35 2.45
Heretaunga Building Society 4.99 3.50 3.40 -
HSBC Premier 4.49 2.25 2.35 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 2.45 2.45 2.65
Kainga Ora 4.43 2.93 3.07 3.24
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.40 ▼3.20 3.50 3.50
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 ▼2.35 2.65 2.65
Liberty 5.69 - - -
Nelson Building Society 4.95 3.20 3.24 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
Lender Flt 1yr 2yr 3yr
SBS Bank 4.54 2.99 3.09 3.15
SBS Bank Special - 2.49 2.59 2.65
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - - - -
The Co-operative Bank - Owner Occ 4.40 2.49 2.69 2.79
The Co-operative Bank - Standard 4.40 2.99 3.19 3.29
TSB Bank 5.34 ▼3.09 3.29 3.59
TSB Special 4.54 ▼2.29 2.49 2.79
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.09 3.29 3.39
Westpac - Offset 4.59 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 2.29 2.69 2.79
Median 4.54 2.89 2.99 2.97

Last updated: 22 January 2021 9:08am

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