Mortgages

Floating rates no place to be

The past week has been one of those unusually quiet ones on the home loan rate front. For the first couple of days of the week there was not one change to report. Our experience shows that weeks like this are rare.

Monday, July 12th 2004

However, towards the end of the week the drought was broken – albeit by two of the small players. Southern Cross raised the rates on its two products and Silver Fern also raised its rates.

On Friday Premier increased its variable rate to 7.65%, Fidelity put up its rate to 7.90% and in the most interesting move Resi put up its two and three year rates, but dropped its five year rate. Also it dropped quite a few of its rates in the No Financial area (to see all those changes Click Here

The Resi move downwards may be a sign of things to come long term interest rates have crept lower because employment growth in the United States hasn’t been as strong as expected.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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