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Mortgage Rates Daily Commentary
Thursday 27 February 2025
Kiwibank’s Mortgage Growth Soars Kiwibank is shaking up the mortgage market, lending at over twice its market share while growing deposits faster than competitors. [READ MORE]
With major banks battling it out in the two-year fixed space, most borrowers are locking in - check the current rates here
Rate falls becoming pronounced
This week's featured mortgage rate graphs show how far home loan rates have come back in the past couple of weeks.
Tuesday, June 17th 2008, 6:34AM
Good Returns has started compiling a series of graphs showing how the various groups are positioned against each other.
The three groups we have are: -
Big banks: ANZ, ASB, BNZ, National and Westpac
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Second tier banks: Kiwibank, Bank Direct, Kiwbank and HSBC
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Non-bank lenders: Cairns Lockie, Sovereign, Pioneer, Wizard and PSIS.
The first graph below shows the median rates the major banks over the past three weeks and how pronounced the falls have been, particularly in the long end of the yields curve.
These falls have reversed the situation that, briefly appeared a couple of weeks ago, where some of the shorter term rates were actually priced at less than their longer term peers.
Commenting is closed
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Mortgage Rates Table
Full Rates Table | Compare Rates
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| AIA - Back My Build |
▼4.44 |
- |
- |
- |
| AIA - Go Home Loans |
▼6.89 |
▼5.25 |
▼4.99 |
▼5.35 |
| ANZ |
6.89 |
5.89 |
5.59 |
5.89 |
| ANZ Blueprint to Build |
7.39 |
- |
- |
- |
| ANZ Good Energy |
- |
- |
- |
1.00 |
| ANZ Special |
- |
5.29 |
4.99 |
5.29 |
| ASB Bank |
6.89 |
▼5.25 |
▼4.99 |
▼5.35 |
| ASB Better Homes Top Up |
- |
- |
- |
1.00 |
| Avanti Finance |
▼7.40 |
- |
- |
- |
| Basecorp Finance |
▼7.85 |
- |
- |
- |
| BNZ - Classic |
- |
5.99 |
5.69 |
5.69 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| BNZ - Mortgage One |
7.04 |
- |
- |
- |
| BNZ - Rapid Repay |
7.04 |
- |
- |
- |
| BNZ - Std |
6.94 |
5.55 |
5.29 |
5.59 |
| BNZ - TotalMoney |
7.04 |
- |
- |
- |
| CFML 321 Loans |
5.80 |
- |
- |
- |
| CFML Home Loans |
6.25 |
- |
- |
- |
| CFML Prime Loans |
7.85 |
- |
- |
- |
| CFML Standard Loans |
8.80 |
- |
- |
- |
| China Construction Bank |
- |
7.09 |
6.75 |
6.49 |
| China Construction Bank Special |
- |
- |
- |
- |
| Co-operative Bank - First Home Special |
- |
▼5.19 |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Co-operative Bank - Owner Occ |
6.45 |
▼5.29 |
▼5.19 |
▼5.49 |
| Co-operative Bank - Standard |
6.45 |
▼5.79 |
▼5.69 |
▼5.99 |
| Credit Union Auckland |
7.70 |
- |
- |
- |
| First Credit Union Special |
- |
▼5.49 |
▼5.39 |
- |
| First Credit Union Standard |
▼7.19 |
▼5.99 |
▼5.69 |
- |
| Heartland Bank - Online |
▼6.49 |
▼5.25 |
▼5.19 |
▼5.35 |
| Heartland Bank - Reverse Mortgage |
- |
- |
- |
- |
| Heretaunga Building Society |
8.15 |
6.35 |
6.00 |
- |
| ICBC |
6.95 |
▼5.29 |
▼4.99 |
▼5.39 |
| Kainga Ora |
▼6.89 |
▼5.29 |
▼4.99 |
▼5.35 |
| Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Kiwibank |
6.75 |
▼6.09 |
▼6.09 |
6.39 |
| Kiwibank - Offset |
6.75 |
- |
- |
- |
| Kiwibank Special |
▼6.75 |
▼5.19 |
▼5.19 |
5.59 |
| Liberty |
8.59 |
8.69 |
8.79 |
8.94 |
| Nelson Building Society |
▼7.44 |
▼5.35 |
▼5.29 |
- |
| Pepper Money Advantage |
10.49 |
- |
- |
- |
| Pepper Money Easy |
8.69 |
- |
- |
- |
| Pepper Money Essential |
8.29 |
- |
- |
- |
| SBS Bank |
▼6.99 |
6.29 |
6.09 |
6.19 |
| SBS Bank Special |
- |
▼5.39 |
▼5.29 |
▼5.35 |
| SBS Construction lending for FHB |
- |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| SBS FirstHome Combo |
▼4.44 |
▼4.39 |
- |
- |
| SBS FirstHome Combo |
- |
- |
- |
- |
| SBS Unwind reverse equity |
9.39 |
- |
- |
- |
| TSB Bank |
▼7.69 |
6.15 |
6.09 |
6.39 |
| TSB Special |
▼6.89 |
5.35 |
5.29 |
5.59 |
| Unity |
▼6.89 |
▼5.29 |
▼4.99 |
- |
| Unity First Home Buyer special |
- |
▼4.69 |
- |
- |
| Wairarapa Building Society |
7.70 |
▼5.49 |
▼5.29 |
- |
| Westpac |
6.99 |
6.09 |
5.89 |
5.99 |
| Westpac Choices Everyday |
7.09 |
- |
- |
- |
| Westpac Offset |
6.99 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Westpac Special |
- |
5.49 |
5.29 |
5.39 |
| Median |
6.99 |
5.44 |
5.29 |
5.59 |
Last updated: 27 February 2025 7:47am Previous News
-
Thursday, September 28th, 9:00AM
RBNZ announces OCR decision
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Tuesday, August 1st, 11:19AM
SBS eyes partnership with mortgage advisers
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Thursday, June 22nd, 9:00AM
OCR held again - here's what RBNZ had to say
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Thursday, May 11th, 10:26AM
Surprise at RBNZ’s OCR outlook
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Thursday, May 11th, 9:00AM
No change to OCR: What RB said today
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Monday, May 8th, 6:00AM
Focus on tone, not content, of OCR call this week
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Tuesday, May 2nd, 11:10AM
ANZ half-year profit jumps
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Monday, April 24th, 10:23AM
Local flavour makes for bank winners
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