Long term rates need to also come down
One interesting point the RBNZ brought up when it cut the OCR by 0.50% last week is that long-term interest rates haven’t fallen much, even as short-term interest rates have, says ASB in an economic note.
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Don’t bet on house prices rising faster than incomes
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Top Mortgage Rates
| Unity First Home Buyer special | 3.99 |
| ICBC | 4.25 |
| SBS FirstHome Combo | 4.29 |
| Co-operative Bank - First Home Special | 4.39 |
| Westpac Special | 4.49 |
| Kiwibank Special | 4.49 |
| SBS Bank Special | 4.49 |
| TSB Special | 4.49 |
| Unity Special | 4.49 |
| AIA - Go Home Loans | 4.49 |
| Co-operative Bank - Owner Occ | 4.49 |
| Westpac Special | 4.49 |
| ANZ Special | 4.49 |
| TSB Special | 4.49 |
| Wairarapa Building Society | 4.59 |
| ICBC | 4.59 |
| Unity Special | 4.65 |
| SBS Bank Special | 4.65 |
| AIA - Go Home Loans | 4.65 |
| ASB Bank | 4.65 |
| BNZ - Std | 4.65 |
| Nelson Building Society | 4.69 |
| Westpac Special | 4.99 |
| SBS Bank Special | 4.99 |
| ICBC | 4.99 |
| AIA - Go Home Loans | 5.39 |
| BNZ - Std | 5.39 |
| TSB Special | 5.39 |
| ANZ | 5.39 |
| ASB Bank | 5.39 |
| Co-operative Bank - Owner Occ | 5.49 |
| Kainga Ora | 5.49 |
| Westpac | 5.59 |
| SBS Construction lending for FHB | 3.74 |
| CFML 321 Loans | 4.25 |
| AIA - Back My Build | 4.44 |
| ICBC | 5.39 |
| Heartland Bank - Online | 5.45 |
| Co-operative Bank - Standard | 5.70 |
| Co-operative Bank - Owner Occ | 5.70 |
| ANZ | 5.89 |
| TSB Special | 5.94 |
| BNZ - Std | 5.99 |
| Pepper Money Prime | 5.99 |
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Consilium reports increased demand for KiwiWRAP
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Lots of $2 billion milestones
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Long term rates need to come down; Take part in our adviser survey
We are pleased to open our annual mortgage adviser survey. This is your opportunity to tell us what's going well, what things need fixing and of course your thoughts on banks.
CLICK HERE to have your say here
IN NEWS: An economist says long term rates need to come down. [READ ON]