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Mortgage Rates Daily Commentary
Wednesday 18 February 2026  Add your comment
It's the big day today; What will the new RBNZ gov do?

Later today the Reserve Bank will make its first OCR call since November and the first under the command of governor Anna Brennan. We will have full coverage this afternoon.

In the meantime here is what the NZIER Shadow Board members are thinking. [Have a read here].

On a totally different note, Jack Patel has joined a significant non-bank leader. [Details here]

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Success for the Centre Left means a waiting game for markets

It's the Anderton factor. Just how much pull the Alliance leader has in the Coalition Government is one of the key things financial markets are watching for to determine the effects on the economy and interest rates.

Sunday, November 28th 1999, 12:00AM

by Paul McBeth

It's the Anderton factor: just how much pull he has in the Coalition Government is one of the key things financial markets are watching for to determine the effects on the economy and interest rates.

In the aftermath of Saturday's General Election, Deutsche Bank is saying that the "policy slippage' in the Labour/Alliance programme carrys the risk that it will be negative for New Zealand's economic performance.

"However, any slippage will not be dramatic enough to offset the positive cyclical influences expected to impact on the economy over the next few years."

Deutsche Bank says that of immediate interest to the market will be Alliance leader Jim Anderton's exact role and also the review of the operation of monetary policy scheduled for early next year.

"As Treasurer designate Michael Cullen has stated, neither the Reserve Bank's sole focus on price stability nor the zero to three per cent target range will be up for change.

"However, there is the risk that Alliance leader Anderton will not easily make those concessions, given that a significant tightening in monetary policy next year - which looks increasingly likely given latest inflation indicators - constitutes a key risk to his ambitions in the business development portfolio."

Interviewed on TV One last night, Prime Minister designate Helen Clark said the Coalition Government hoped to tackle a number of issues before Christmas including anti-defection legislation, tax legislation and the freezing of interest on student loans. Anderton named economic development, jobs and industry development "along with the major social services areas of health and welfare" as his priorities.

Paul is a staff writer for Good Returns based in Wellington.

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 5.89 4.59 4.95 5.19
ANZ 5.79 5.09 5.49 5.79
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.49 4.69 5.19
ASB Bank 5.79 4.59 4.95 5.19
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.35 - - -
Avanti Finance - Specialised 7.55 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
BNZ - Std 5.84 4.49 4.69 5.09
BNZ - TotalMoney 5.94 - - -
CFML 321 Loans 3.95 - - -
CFML Home Loans 6.05 - - -
CFML Prime Loans 6.25 - - -
CFML Standard Loans 6.95 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - 4.39 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 4.99 4.49 4.89 5.19
Co-operative Bank - Standard 4.99 4.99 5.39 5.69
Credit Union Auckland 7.70 - - -
First Credit Union Special - 4.79 4.95 -
First Credit Union Standard 6.49 5.39 5.55 -
Heartland Bank - Online 5.30 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 7.45 5.90 5.80 -
ICBC 5.39 4.25 4.59 4.79
Kainga Ora 5.69 4.49 4.49 4.79
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 5.65 5.39 5.79 6.05
Kiwibank - Offset 5.65 - - -
Kiwibank Special 6.15 4.49 4.89 5.25
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society ▲6.99 4.59 ▼4.67 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.09 ▲5.49 ▲5.75
SBS Bank Special - 4.49 ▲4.89 ▲5.15
SBS Construction lending for FHB 3.74 - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 3.29 3.99 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.19 5.69 5.95
TSB Special 5.79 4.39 4.89 5.15
Unity First Home Buyer special - 3.99 - -
Unity Special 5.79 4.49 4.69 -
Unity Standard 5.79 5.29 5.49 -
Wairarapa Building Society 6.15 4.59 4.79 -
Westpac 5.89 5.09 5.49 5.75
Westpac Choices Everyday 5.99 - - -
Lender Flt 1yr 2yr 3yr
Westpac Offset 5.89 - - -
Westpac Special - 4.49 4.89 5.15
Median 5.94 4.59 4.95 5.19

Last updated: 13 February 2026 3:23pm

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