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Mortgages

Mortgage Rates Daily Commentary
Friday 25 September 2020  Add your comment
August lending record; Kiwibank pays $5 million to customers

Home lending reached a record high for an August last month, further evidence of the market's resurgence during the Covid-19 pandemic: [READ ON]

Kiwibank will pay 48,000 borrowers compensation totalling $5.2 million after reporting failings on home loan procedures: [READ ON]

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Latest Headlines

Australia scraps responsible lending laws

The Australian government has axed responsible lending laws in "the most significant reforms to Australia's credit framework in a decade".

Friday, September 25th, 11:13AM

Australian treasurer Frydenberg has watered down rules for the nation's banks, making lenders subject to less onerous oversight.

The Aussie government is keen to boost lending after Australia's first recession for nearly 30 years. 

According to the Australian Financial Review, a slashing of red tape will remove the Australian Securities and Investments Commission...MORE»

August record for mortgage lending

Thursday, September 24th, 3:59PM

Home lending reached a record high for an August last month, further evidence of the market's resurgence during the Covid-19 pandemic. 

MORE»

Kiwibank to pay customers $5.2 million over home loan failings

Thursday, September 24th, 10:33AM

Kiwibank will pay 48,000 borrowers compensation totalling $5.2 million after reporting failings on home loan procedures. 

MORE»

 

Previous News

RBNZ bank funding programme imminent: reaction

Wednesday, September 23rd, 2:26PM

The Reserve Bank has hinted its programme to lend directly to retail banks could be ready by the end of the year, as it takes a more dovish tone on the economy.

MORE»

OCR decision revealed

Wednesday, September 23rd, 1:55PM

The Reserve Bank has kept the official cash rate on hold at 0.25%. Here's what the central bank said:

MORE»

Kiwibank sees lending rise: KPMG

Wednesday, September 23rd, 5:35AM

Kiwibank increased lending by 8.8% in the year to June, according to KPMG’s latest banking report, despite a tough period for the nation’s banks.

MORE»

Greer steps down as Loan Market NZ CEO

Tuesday, September 22nd, 10:07AM

Brian Greer, the chief executive of Loan Market New Zealand, is stepping down from his role at the adviser business. 

MORE»

RBNZ to talk up negative OCR: preview survey

Monday, September 21st, 9:24AM

The Reserve Bank is expected to keep the OCR on hold this week, but could highlight the growing chance of a negative central bank rate. 

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 3.15 3.25 3.39
ANZ Special - 2.55 2.69 2.79
ASB Bank 4.45 2.55 2.69 2.79
Bluestone 3.49 3.49 3.49 3.49
BNZ - Classic - 2.55 2.69 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.15 3.29 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 - - - -
Heretaunga Building Society 4.99 3.85 3.95 -
HSBC Premier 4.49 2.45 2.60 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 ▼2.45 2.65 2.79
Kainga Ora 4.43 2.93 3.07 3.24
Kiwibank 3.40 3.30 3.54 3.54
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.55 2.79 2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
SBS Bank 4.54 3.05 3.19 3.25
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 2.55 2.69 2.75
The Co-operative Bank - Owner Occ 4.40 2.55 2.69 2.79
The Co-operative Bank - Standard 4.40 3.05 3.19 3.29
TSB Bank 5.34 3.29 3.45 3.59
TSB Special 4.54 2.49 2.65 2.79
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.15 3.29 3.39
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.69 2.79
Median 4.55 3.00 3.13 3.02

Last updated: 21 September 2020 10:48am

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