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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]
Comparing selected banks
Following a week of rate changes we have pulled together a graph comparing pricing strategies.
Friday, March 18th 2016, 10:04AM 
Here we have compared just five lenders who have taken different strategies to pricing their home loans. Also note this is just for standard rates. There are a range of Specials in the market too.
- HSBC - clearly it commands a market leading position in fixed rates, especially when its Specials are considered. However it is the only bank not to move its floating rate.
- Pricing remains in a tight band up to two years, but for longer terms there is greater divergence in pricing.
- SBS - While it often is a market leader, it's current pricing is a tad ordinary.
- ASB - Sharp on the one-year term but starts to look pricey further out the curve.
- BNZ - Continues to be reasonably aggressive compared to its big bank peers.
- Kiwibank - Sharp as usual except for standard two-year rates.
Tags: Mortgage Rates
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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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