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Borrowing

The bank wins, savers lose

Moves in mortgage and deposit rates since the RBNZ started OCR hikes show savers losing out, bank margins rising and competition in the borrowing market

Kiwibank raises variable home loan rates

The state-owned lender follows the pack with a +25 bps raise to 6.65%, signals term deposit rates are rising too

Co-op Bank raises rates

Both floating home loan rates and term deposit rates are increased by the Co-operative Bank, effective Wednesday

Westpac's mortgage rate rise plus

Last Aussie-owned bank to raise floating home loan rates holds on to rate advantage but reduces the benefit

TSB Bank hikes floating mortgage rates

TSB fifth bank to lift floating mortgage rates since the Reserve Bank increased the OCR last Thursday

BNZ hikes floating mortgage rates

BNZ third bank to increase floating mortgage rates post latest OCR hike, also lifts 9 month deposit rate by 25 basis points

The new rate inversion

After floating mortgage rates are pushed up by official action, they are now above rates fixed for three years (or longer)

ANZ lifts floating, flexi mortgage rates

Updated
ANZ follows OCR hike with increases to floating and flexi mortgage rates, introduces term deposit 'special'; ASB hikes floating rates & 2 deposit rates

RBNZ hikes, but signals pause

Updated
RBNZ signals "period of assessment"; NZ$ drops to 86 USc after Wheeler warns it could fall a lot; Pause may last til March; Door seen opening for NZ$ intervention

Should you take the cash?

Updated
We compare the cash-back incentive offers by the nine main banks in the mortgage market along with the conditions involved

The rate you pay it off

While your daily financial pressures may be what you usually think about, it is better to keep the long term in mind when managing your mortgage