Search

Search News Search Questions

News > Mortgages > Mortgage rates could hit 9pc before end of the year

Mortgages

Mortgage rates could hit 9pc before end of the year

Floating mortgage rates could be close to 9 per cent before the end of the year, despite the Reserve Bank picking that the pace of economic growth is now slowing down.

Monday, September 13th 2004

Reserve Bank Governor Alan Bollard today revealed his fifth interest rate rise this year, lifting the Official Cash Rate (OCR) from 6 per cent to 6.25 per cent.

The rise was widely expected especially after Finance Minister Michael Cullen all but confirmed the move in a parliamentary gaffe yesterday.

Dr Bollard warned a number of times in today's September Monetary Policy Statement (MPS) that more hikes were on the cards, on top of the 125 basis points tightening in the year to date.

Read More - Opens in a new window

Next Article

Property investors refocus on cash flow

Most Read

See more News >

Top Mortgage Rates

AIA - Go Home Loans 4.00
Unity First Home Buyer special 4.15
SBS FirstHome Combo 4.29
ICBC 4.49
Kainga Ora 4.59
SBS Bank Special 4.69
China Construction Bank 4.85
Co-operative Bank - First Home Special 4.89
Unity Special 4.99
TSB Special 4.99
Westpac Special 4.99
Kainga Ora 4.95
China Construction Bank 4.95
ICBC 4.99
SBS Bank Special 5.29
ASB Bank 5.35
ANZ Special 5.35
BNZ - Std 5.35
AIA - Go Home Loans 5.35
TSB Special 5.39
Westpac Special 5.39
Co-operative Bank - First Home Special 5.39
SBS Bank Special 5.49
Westpac Special 5.59
ICBC 5.65
Kainga Ora 5.69
BNZ - Std 5.75
ASB Bank 5.75
AIA - Go Home Loans 5.75
Kiwibank Special 5.85
ANZ Special 5.89
Co-operative Bank - First Home Special 5.89
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.79
CFML 321 Loans 4.20
ICBC 5.39
Co-operative Bank - Owner Occ 5.69
Co-operative Bank - Standard 5.69
Kainga Ora 5.79
Pepper Money Prime 5.99
Unity Standard 6.04
Unity Special 6.04

Full Rates Table

More Stories

Can the NZ economy grow while house prices stagnate?

Thursday, July 09th 2026

Can the NZ economy grow while house prices stagnate?

The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue.

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Landlords
© 2026 Tarawera Publishing Ltd.