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Last Article Uploaded: Friday, December 15th, 2:25PM
Mortgage Rates Daily Commentary
Friday 8 December 2017  Add your comment
Ups and downs to end the week

We've had two banks makes changes to rates. The Co-operative Bank has taken 16 basis points of both its four and five year rates.

ASB, and Sovereign, have made changes to six terms. The one-year rate has risen, while there have been cuts to all terms longer than a year. Some put them into competitive pricing positions. To see how the table stacks up on the critical two-year term CLICK HERE

Important news for advisers: Parliament sent the new financial adviser law reform package to Select Committee. [READ ON]

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Latest Headlines

Refund for TSB break fees miscalculation customers

TSB Bank will repay about 2,800 customers who were inadvertently overcharged for terminating their fixed-term lending agreements.

Thursday, December 14th, 12:13PM

The bank says it has identified three errors in the way it calculated the break fee it charges for early termination from 2008 to February 2016

These errors led to some customers being overcharged and some being undercharged.

TSB reported the errors to the Commerce Commission as a potential breach of the Credit Contracts and Consumer Finance Act (CCCFA) in April 2016.

Commissioner Anna Rawlings says she is pleased that TSB reported itself to the Commission once the issue was identified...MORE»

New RBNZ Governor announced

Monday, December 11th, 4:34PM

NZ Super Fund CEO Adrian Orr will be the new Reserve Bank Governor from 27 March 2018, Finance Minister Grant Robertson announced today.

MORE»

Inflation problem for RBNZ

Tuesday, December 5th, 2:39PM

If inflation doesn’t pick up by late 2018 interest rate cuts could again be on the cards, according to the Reserve Bank.

MORE»

 

Previous News

LVR changes won’t prompt market frenzy

Monday, December 4th, 1:34PM

The Reserve Bank’s easing of the LVRs could give some upward momentum to house prices but economists are not expecting the market to take off again.

MORE»

Westpac ups rental income allowance

Monday, December 4th, 6:15AM

Changes to Westpac’s qualifying income assessments mean that investors will now be able to claim 80% of their rental income as part of their income calculation.

MORE»

RESIMAC turns five

Friday, December 1st, 12:31PM

Lending times have changed and, in its five years in New Zealand, RESIMAC has embraced those changes and thrived.

MORE»

DTI proposal on hold

Wednesday, November 29th, 1:51PM

Controversial debt-to-income ratios (DTIs) have been put on the back-burner by the Reserve Bank – for the foreseeable future.

MORE»

LVR easing sooner than expected

Wednesday, November 29th, 10:45AM

The Reserve Bank’s decision to start relaxing the LVR restrictions early next year, which was announced in today’s Financial Stability Report, has taken economists by surprise.

MORE»

MORE NEWS»

Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.95 5.15 5.49
ANZ Special - 4.45 4.65 4.99
ASB Bank 5.80 ▲4.79 4.99 5.29
ASB Bank Special - ▲4.49 ▼4.59 ▼4.89
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.59 4.65 4.99
BNZ - Std, FlyBuys 5.90 4.99 5.29 5.59
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
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 5.00 5.20 -
Housing NZ Corp 5.79 4.75 4.99 5.29
HSBC Premier 5.79 4.19 4.29 4.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.95 5.15 5.49
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.45 4.65 4.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special 5.00 - 4.75 -
SBS Bank 5.89 4.99 5.19 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.59 4.69 4.99
Sovereign 5.90 ▲4.79 4.99 5.29
Sovereign Special - ▲4.49 ▼4.59 ▼4.89
The Co-operative Bank - Owner Occ 5.75 4.49 4.69 4.99
The Co-operative Bank - Standard 5.75 4.99 5.19 5.49
TSB Bank 5.80 4.80 5.15 5.45
TSB Special - 4.55 4.69 4.79
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.19 5.44
Westpac - Offset 5.95 - - -
Westpac Special - 4.59 4.65 4.94
Median 5.82 4.79 4.99 5.29

Last updated: 8 December 2017 7:30am

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