Results: Fixed rates
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...
A new record-low for interest rates
Retail banks were called out by the deputy governor of the RBNZ for not passing their lower prices down to home loan borrowers. AN...
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.