Results: Fixed rates
Tony Alexander: Rate cuts are likely to be short term only
Margins are below average for terms of three years and longer. This tell us that unless there's a change in borrowing costs, anyon...
The rate drop we didn't see coming
It started with ANZ slashing their rates and now the other mainstream banks are jumping on the bandwagon, each with different appr...
Can mortgage rates drop any further?
Since the country has settled into Alert Level Two, we're now starting to see retail banks lowering their interest rates. But are home loan borrowers getting the benefit of cheap wholesale rates?
Big banks join the rate war, dropping below 3%
As expected, the big banks are starting to drop their rates further to reach below 3%, and today ASB announced its two-year fixed rate of 2.99% while Kiwibank introduced a one-year fixed rate of 2.99%.
The 1-year fixed rate reaches a new low
China Construction Bank has positioned themselves as the bank with the lowest 1-year fixed rate, with a cut down to 2.80%. They're now ahead of HSBC (2.95%) and Heartland Bank (2.89%). Will the big five be able to match it?
Lockdown week two: market update
We’re two weeks into New Zealand’s level four lockdown and we haven't seen any further movement on mortgage rates. It seems that 3.05% and 3.09% for one-year fixed is now the norm.