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Mortgage Rates Daily Commentary
Thursday 20 February 2025
Rate conundrum lies ahead It's interesting times with mortgage rates. About half of all mortgages will reprice over the next six months and advisers will have a key role to play in helping customers. What makes it more challenging is that most of the post OCR cuts yesterday were to floating rates with only a few moving fixed rates lower.
And to add to the challenge, two-year swap rate rose 2 basis points yesterday. The longer term rates are driven by what's happening in the United States and there are fears tariffs will fuel inflation.
Here are some interesting tables.
In the two year fixed rate you can see how many lenders changed rates and one has moved to a sub-5% level. See the table here
Meanwhile, this table shows how many lenders moved floating rates. The smaller banks have, in general, taken the more competitive positions. Have a look here.
[MRadio] A refi tale
Philip Macalister gives you a round up of interest rate news; tells you a story about a re-finance he has just done, and talks about Westpac’s latest moves.
Monday, August 18th 2014, 7:00AM
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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 |
5.49 |
5.29 |
5.59 |
| 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 |
5.49 |
5.29 |
5.59 |
| ASB Better Homes Top Up |
- |
- |
- |
1.00 |
| Avanti Finance |
7.90 |
- |
- |
- |
| 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 |
- |
▼5.39 |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Co-operative Bank - Owner Occ |
▼6.45 |
▼5.49 |
5.49 |
5.69 |
| Co-operative Bank - Standard |
▼6.45 |
▼5.99 |
5.99 |
6.19 |
| Credit Union Auckland |
7.70 |
- |
- |
- |
| First Credit Union Special |
- |
5.79 |
5.69 |
- |
| First Credit Union Standard |
7.69 |
6.49 |
6.19 |
- |
| Heartland Bank - Online |
▼6.49 |
5.49 |
5.39 |
5.45 |
| Heartland Bank - Reverse Mortgage |
- |
- |
- |
- |
| Heretaunga Building Society |
8.15 |
▼6.35 |
▼6.00 |
- |
| ICBC |
6.95 |
▼5.29 |
▼4.99 |
▼5.39 |
| Kainga Ora |
7.39 |
5.79 |
5.59 |
5.69 |
| 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 |
7.94 |
5.55 |
5.84 |
- |
| 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 |
- |
5.69 |
5.49 |
5.59 |
| SBS Construction lending for FHB |
- |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| SBS FirstHome Combo |
▼4.44 |
4.69 |
- |
- |
| 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 |
7.64 |
5.59 |
5.49 |
- |
| Unity First Home Buyer special |
- |
5.49 |
- |
- |
| 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 |
7.04 |
5.57 |
5.59 |
5.59 |
Last updated: 21 February 2025 8:41am Previous News
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RBNZ announces OCR decision
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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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