Mortgage Rates Commentary

Heartland rates changes reflect major move

Tuesday, March 18th 2025

Heartland Bank has made some changes to its Online Home Loans offering.

Its Online Home Loans product "no longer aligns with our product strategy to deliver value in areas where we believe we can have the greatest impact for New Zealanders. We have therefore made the decision to exit the home loan market and are no longer accepting Online Home Loan applications from new customers."

From today, it is no longer offering 18-month, two or three year fixed rates.

It has also increased its one year fixed rate to 5.89%. These will not be available after June 30. However, it still offers a floating rate product.

Leaving last year's stumbling housing market behind

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SBS FirstHome Combo	4.29
Unity First Home Buyer special	4.69
Co-operative Bank - First Home Special	4.89
Unity Special	4.99
TSB Special	4.99
ANZ Special	4.99
ASB Bank	4.99
SBS Bank Special	4.99
Westpac Special	4.99
Kiwibank Special	4.99
AIA - Go Home Loans	4.99

Wairarapa Building Society	4.75
Nelson Building Society	4.97
Kainga Ora	4.99
SBS Bank Special	4.99
Co-operative Bank - Owner Occ	4.99
Unity Special	4.99
TSB Special	4.99
ANZ Special	4.99
ASB Bank	4.99
AIA - Go Home Loans	4.99
Westpac Special	4.99

Westpac Special	5.39
ICBC	5.49
BNZ - Classic	5.59
SBS Bank Special	5.69
Co-operative Bank - Owner Occ	5.69
AIA - Go Home Loans	5.69
ASB Bank	5.69
BNZ - Std	5.79
Kiwibank Special	5.79
Kainga Ora	5.79
TSB Special	5.89

SBS FirstHome Combo	4.19
AIA - Back My Build	4.44
CFML 321 Loans	5.25
ANZ Blueprint to Build	5.88
Co-operative Bank - Owner Occ	5.95
Co-operative Bank - Standard	5.95
Heartland Bank - Online	6.25
Kainga Ora	6.44
Kiwibank Special	6.50
Kiwibank - Offset	6.50
ICBC	6.50

Mortgage Rates Commentary

Heartland rates changes reflect major move

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Four decades of 6-7% yearly house price growth ending

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