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Mortgage Rates Daily Commentary
Wednesday 11 February 2026
ASB grows home loan book; Two year rates back in vogue ASB has reported a flat half year profit, but has grown its home loan book faster than the market. [Our report is here]
Interestingly its turnaround time in the bank channel averaged two days. How did that compare with the mortgage adviser channel?
Have your say in the comments section.
Westpac raises fixed term interest rates
Westpac has blinked first in the home loan interest rate war, upping its fixed term interest rates for 18 month and 30 month loans.
Friday, December 17th 2004, 1:09PM
Westpac has blinked first in the home loan interest rate war, upping its fixed term interest rates for 18 month and 30 month loans.
"As signalled earlier in the month, in the wake of the Reserve Bank of New Zealand's view of the likely future course of the Official Cash Rate (OCR), Westpac believes that the current `price war' is not sustainable and that a lead needs to be taken in returning fixed rates to more long-term, sustainable levels," the bank said in a statement.
Westpac's 18 month rate will rise 0.41% to 7.40% per annum while the 30 month rate will go up 0.46% to 7.65%.
Westpac's two-year rate of 7.40% remained unchanged.
The new rates become effective as of 5pm today.
The Bank of New Zealand sparked the price war in October with an `Unbeatable' campaign, which has seen its two-year fixed rate fall to 6.9%, while ASB and ANZ both dropped their two-year rates to 6.95%.
Commenting is closed
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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 Previous News
-
Thursday, September 28th, 9:00AM
RBNZ announces OCR decision
-
Tuesday, August 1st, 11:19AM
SBS eyes partnership with mortgage advisers
-
Thursday, June 22nd, 9:00AM
OCR held again - here's what RBNZ had to say
-
Thursday, May 11th, 10:26AM
Surprise at RBNZ’s OCR outlook
-
Thursday, May 11th, 9:00AM
No change to OCR: What RB said today
-
Monday, May 8th, 6:00AM
Focus on tone, not content, of OCR call this week
-
Tuesday, May 2nd, 11:10AM
ANZ half-year profit jumps
-
Monday, April 24th, 10:23AM
Local flavour makes for bank winners
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