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Kiwibank, AMP hike mortgage rates (Update 2)

Kiwibank, AMP hike mortgage rates (Update 2)

State-owned Kiwibank has hiked it one year, 18 month and two year mortgage rates by between 10 and 30 basis points (bps) while leaving its other rates unchanged. (Update 1 includes AMP move, Update 2 includes chart.) Kiwibank hiked its one year rate by 30 bps to 6.25%; its 18 month rate by 10 bps to 6.39%; and its two year rate by 25 bps to 7.2%. Kiwibank left its variable rate on hold at 5.79% and its 6 month rate on hold at 5.75%. See and compare all mortgage rates here. Meanwhile AMP Home Loans, which is a brand owned by Kiwibank, hiked its one year rate by 30 bps to 6.25%.

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