Mortgage Rates Commentary

Yes there were surprises in today's OCR announcement

Wednesday, May 22nd 2024

Economists were predicting no surprises in today's OCR announcement; They got it wrong. The central bank has delayed interest rate cuts and even, surprisingly, considered pumping up the OCR. [More details here]

Sticky market for investors – first home buyers in control

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Unity First Home Buyer special	4.29
SBS FirstHome Combo	4.29
China Construction Bank	4.85
Co-operative Bank - First Home Special	4.85
ICBC	4.85
ASB Bank	4.89
Kiwibank Special	4.89
Westpac Special	4.89
AIA - Go Home Loans	4.89
BNZ - Std	4.89
ANZ Special	4.95

Nelson Building Society	4.93
ICBC	4.95
AIA - Go Home Loans	4.95
Wairarapa Building Society	4.95
TSB Special	4.95
ANZ Special	4.95
ASB Bank	4.95
SBS Bank Special	4.95
Westpac Special	4.95
China Construction Bank	4.95
Kiwibank Special	4.95

Westpac Special	5.39
ICBC	5.39
SBS Bank Special	5.39
ASB Bank	5.59
BNZ - Classic	5.59
BNZ - Std	5.59
AIA - Go Home Loans	5.59
Co-operative Bank - Owner Occ	5.59
Kiwibank Special	5.79
Kainga Ora	5.79
ANZ	5.79

SBS Construction lending for FHB	3.94
AIA - Back My Build	4.44
CFML 321 Loans	4.99
Co-operative Bank - Standard	5.95
Co-operative Bank - Owner Occ	5.95
Heartland Bank - Online	5.99
Kiwibank - Offset	6.35
Kiwibank	6.35
TSB Special	6.39
China Construction Bank Special	6.44
ASB Bank	6.44