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Mortgages

Mortgage Rates Daily Commentary
Saturday 24 August 2024  Add your comment
Your Weekend Read: What you need to know about the ComCom report; Bluestone departs (again)

Here is a good weekend read for you. It's a deep dive into the Commerce Commission report looking at what it means for mortgage advisers.

What is being proposed is certainly interesting and could change the way mortgage advisers operate in the future.

You can read it here

Bluestone throws its chips in (again)

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Mortgage broker of the year named

The Mortgage Broker Association has named its inaugural mortgage broker of the year.

Sunday, September 16th 2001, 3:28PM

Hamilton mortgage broker Wayne Oliver was named Mortgage Broker of the Year at the Mortgage Brokers’ Association annual conference on Friday.

Oliver, who owns Oliver Financial Services, was selected ahead of 35 other nominations in the inaugural awards.

Oliver has been a mortgage broker since 1996. Before setting up his own business he held senior positions in the financial services sector, including Waikato regional manager for Countrywide Bank.

While at the bank he became a successful mobile mortgage manager. That experience, he says, helped him become a successful mortgage broker.

His lending experience allows him to cover most facets of commercial and residential broking.

The runners-up in the Awards were Cherie MacFadyen of Mortgage Planners, and Christine Lockie of Loan Plan.

Other Awards handed out at the conference were Personality of the Year, which was given to Gary Burton of Queenstown mortgage broker Charlie Reid & Associates Ltd and two special awards for contribution to the industry.

These two special awards went to MBA president Rob Tucker and his deputy Brian Berry.

Tucker and Berry have been instrumental in establishing the association that has more than 300 brokers representing about 60% of the industry.

Tucker, a director of Auckland-based National Mortgage, has been president of the association since its formation in 1997 and was relected to the position on Friday.

Berry, a director and part-owner of Tauranga-based Mortgage Works, was a founder member of the association and has served on the committee since 1997.

His contributions have included designing the industry-standard loan application form, over-seeing the development of the association website, editing a newsletter, and reviewing the members’ accreditation course.

« US terrorist attacks will mean lower mortgage ratesHouse prices, sales up in August; institute cautious »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build ▼5.94 - - -
AIA - Go Home Loans 8.49 ▼6.45 ▼5.89 ▼5.79
ANZ 8.39 ▼7.05 ▼6.59 ▼6.49
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - ▼6.45 ▼5.99 ▼5.89
ASB Bank 8.39 ▼6.45 ▼5.89 ▼5.79
ASB Better Homes Top Up - - - 1.00
Avanti Finance ▼8.90 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - ▼6.55 ▼5.99 ▼5.89
BNZ - Mortgage One 8.44 - - -
BNZ - Rapid Repay 8.44 - - -
BNZ - Std 8.44 ▼6.55 ▼5.99 ▼5.89
BNZ - TotalMoney 8.44 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - ▼6.19 - -
Co-operative Bank - Owner Occ ▼8.15 ▼6.39 ▼5.99 5.99
Co-operative Bank - Standard ▼8.15 ▼6.89 ▼6.49 6.49
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 7.70 - - -
First Credit Union Special - 6.99 6.60 -
First Credit Union Standard 8.50 7.59 7.20 -
Heartland Bank - Online 7.99 6.69 6.35 6.15
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.35 7.00 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 ▼6.45 ▼5.99 ▼5.89
Kainga Ora 8.64 7.45 7.09 6.89
Lender Flt 1yr 2yr 3yr
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.25 ▼7.35 ▼6.89 ▼6.69
Kiwibank - Offset 8.25 - - -
Kiwibank Special - ▼6.45 ▼5.99 ▼5.89
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.14 6.79 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank ▼8.49 ▼7.19 ▼6.49 ▼6.49
SBS Bank Special - ▼6.59 ▼5.89 ▼5.89
Lender Flt 1yr 2yr 3yr
SBS Construction lending for FHB - - - -
SBS FirstHome Combo ▼5.94 ▼5.59 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank ▼9.19 7.49 7.05 6.79
TSB Special ▼8.39 6.69 6.25 5.99
Unity 8.64 6.70 6.49 -
Unity First Home Buyer special - 6.20 - -
Wairarapa Building Society 8.60 ▼6.80 ▼6.50 -
Westpac 8.39 7.45 6.79 6.59
Lender Flt 1yr 2yr 3yr
Westpac Choices Everyday 8.49 - - -
Westpac Offset 8.39 - - -
Westpac Special - 6.85 6.19 5.99
Median 8.46 6.75 6.49 5.99

Last updated: 22 August 2024 9:14am

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