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Mortgages

Mortgage Rates Daily Commentary
Monday 18 March 2024  Add your comment
Activating DTIs and loosening LVRs - NZBA

The New Zealand Banking Association (NZBA) wants the Reserve Bank to loosen proposed debt-to-income (DTI) restrictions because of the internal conservatism of some banks. [READ ON]

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Activating DTIs and loosening LVRs

The New Zealand Banking Association (NZBA) wants the Reserve Bank to loosen proposed debt-to-income (DTI) restrictions because of the internal conservatism of some banks.

Monday, March 18th, 9:24AM

In a submission to the Reserve Bank on its DTI proposals, the association says there may be some impact to owner-occupier borrowers under the proposal of a DTI of six with a speed limit of 20%.

It says a higher limit at a minimum of 25% should be set for this borrower group to allow for additional bank conservatism.

The NZBA, which has 18 registered bank members, now supports DTIs...MORE»

[Podcast] Basecorp's plans for 2024

Friday, March 15th, 4:27AM

John Moody from non-bank lender Basecorp joins us to talk about what happened last year, the company's plans for 2024 and opportunities for advisers.

MORE»

Former mortgage adviser sentenced for fraud

Thursday, March 14th, 12:49PM

Judge convicts and hands down sentence to former mortgage adviser over fraud charges.

MORE»

 

Previous News

Banks want tweaks, not repeal, to CCCFA and CoFi

Wednesday, March 13th, 6:11AM

Banks are optimistic the new National Party-led government will be more business-friendly than the previous government but they would prefer the government to tinker with regulation rather than engage in wholesale repeal.

MORE»

Long-term development funding options needed

Tuesday, March 12th, 9:17AM

A gap has opened in non-bank long-term commercial funding for new products, says Andrew Stevenson, senior relationship manager at Funding Partners.

MORE»

The turning tide

Monday, March 11th, 12:46PM

Global central banks are close to starting rate cuts and Kiwibank reckons the RBNZ won’t be far behind.

MORE»

ANZ's Zollner: be careful what you wish for on house prices

Thursday, March 7th, 6:42AM

ANZ Bank NZ chief economist Sharon Zollner has some advice for people who want house prices to be more affordable: “be careful what you wish for,” she told the Financial Advice New Zealand's Thrive conference in Wellington.

MORE»

Interest rates drop, unsold houses flood the market

Wednesday, March 6th, 10:09AM

Although the major banks are dropping their home loan interest rates, there are few buyers on the ground for the log jam of homes for sale in Auckland.

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 7.24 6.79 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.79 6.65
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 - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
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 - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 ▼6.79 ▼6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 ▼7.29 ▼7.15
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 6.69 6.45 6.19
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 ▼6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 ▼7.39 ▼7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
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 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 ▼6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 7.15 6.85 -
Westpac 8.64 7.89 7.49 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.89 6.65
Median 8.64 7.29 7.32 6.65

Last updated: 14 March 2024 9:32am

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