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Mortgage Rates Daily Commentary
Thursday 18 July 2024
Understanding of financial fairness measured; ANZ Fixed Home Loan rates change What constitutes fairness in financial services is generally something people agree on. [READ ON]
ANZ has made changes to some of their Fixed Home Loan rates today.
“We want to remind people that anyone feeling financial pressure should to talk to us earlier rather than later. We’re here to support our customers and have a range of options for both our personal and business customers to help ease financial pressure,” ANZ NZ Managing Director for Personal Banking, Grant Knuckey said. [See here]
Interest rates continue to rise
In the past month fixed rates for home loans have continued to rise while floating rates have stabalised.
Thursday, July 12th 2001, 10:03PM
Fixed mortgage interest rates continued to firm in the 30 days to July 10, while floating mortgage interest rates have stabilised, still ranging between 6.84 and 8.00%, according to the Real Estate Institute of New Zealand.
Institute national president Rex Hadley, says that in the month to July 10, the majority of the institutions surveyed had raised their longer term rates. ( for a full rates table click here)
"Fixed rates have firmed month by month since May. Having firmed by between 0.25 and 0.40% in the month to June 10, fixed rates again raised by between 0.05 to 0.39% across the board in the latest period."
One year fixed rates range between 6.69 and 7.20%, compared with 6.65 to 7.10% a month ago. Two year rates range between 7.20 and 7.70% compared to 7.20 and 7.60% last month and three year fixed rates have increased from a range of 7.30 to 7.90% to a range of 7.50 to 8.05%. Four and five year rates range between 7.85 to 8.35%, up from the 7.80 and 8.20% recorded in the month to June 10.
Commenting is closed
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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 |
7.14 |
6.75 |
6.39 |
| ANZ |
8.64 |
▼7.45 |
▼7.09 |
▼6.95 |
| ANZ Blueprint to Build |
7.39 |
- |
- |
- |
| ANZ Good Energy |
- |
- |
- |
1.00 |
| ANZ Special |
- |
▼6.85 |
▼6.49 |
▼6.35 |
| ASB Bank |
8.64 |
▼6.85 |
▼6.49 |
▼6.35 |
| 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 |
- |
▼6.85 |
▼6.49 |
▼6.39 |
| BNZ - Green Home Loan top-ups |
- |
- |
- |
1.00 |
| BNZ - Mortgage One |
8.69 |
- |
- |
- |
| BNZ - Rapid Repay |
8.69 |
- |
- |
- |
| BNZ - Std, FlyBuys |
8.69 |
▼7.45 |
▼7.09 |
▼6.99 |
| 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 |
- |
▼6.59 |
- |
- |
| Co-operative Bank - Owner Occ |
8.40 |
▼6.79 |
▼6.49 |
▼6.35 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Co-operative Bank - Standard |
8.40 |
▼7.29 |
▼6.99 |
▼6.85 |
| 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 |
▼6.35 |
▼6.15 |
| 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 |
6.69 |
6.59 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Kainga Ora |
8.64 |
7.74 |
7.35 |
6.99 |
| Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
| Kiwibank |
8.50 |
▼7.75 |
▼7.39 |
▼7.19 |
| Kiwibank - Offset |
8.50 |
- |
- |
- |
| Kiwibank Special |
- |
▼6.85 |
▼6.49 |
▼6.39 |
| Liberty |
8.59 |
8.69 |
8.79 |
8.94 |
| Nelson Building Society |
9.00 |
7.65 |
7.25 |
- |
| Pepper Money Advantage |
10.49 |
- |
- |
- |
| Pepper Money Easy |
8.69 |
- |
- |
- |
| Pepper Money Essential |
8.29 |
- |
- |
- |
| SBS Bank |
8.74 |
7.74 |
7.09 |
6.95 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| SBS Bank Special |
- |
7.14 |
6.49 |
6.35 |
| SBS Construction lending for FHB |
- |
- |
- |
- |
| SBS FirstHome Combo |
6.19 |
6.14 |
- |
- |
| SBS FirstHome Combo |
- |
- |
- |
- |
| SBS Unwind reverse equity |
9.95 |
- |
- |
- |
| Select Home Loans |
9.24 |
- |
- |
- |
| TSB Bank |
9.44 |
▼7.65 |
▼7.29 |
▼7.19 |
| TSB Special |
8.64 |
▼6.85 |
▼6.49 |
▼6.39 |
| Unity |
8.64 |
6.99 |
6.79 |
- |
| Unity First Home Buyer special |
- |
6.55 |
6.45 |
- |
| Wairarapa Building Society |
8.60 |
6.95 |
6.85 |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Westpac |
8.64 |
7.49 |
7.35 |
6.99 |
| Westpac Choices Everyday |
8.74 |
- |
- |
- |
| Westpac Offset |
8.64 |
- |
- |
- |
| Westpac Special |
- |
6.89 |
6.75 |
6.39 |
| Median |
8.64 |
7.12 |
6.82 |
6.39 |
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