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Wednesday's edition of the great mortgage rate rise

Posted in News August 12, 2009 - 09:15am, Alex Tarrant

Wednesday morning has already seen some mortgage rate changes, with PSIS raising its two year fixed mortgage rate by 15 basis points to 6.35%. This followed TSB raising its three, four and five year mortgage rates at the start of the day. Bernard Hickey updated his Brother in Law's Guide to mortgage rates this morning. Longer term mortgage rates are on the rise, with BNZ so far the only major bank to not have increased rates in this latest round. Kiwibank is also holding out against the invaders. We will be updating this and our mortgage rates page throughout the day (or as Bill English said in Parliament the other day, every six minutes) as more rate changes come through. To see and compare mortgage rates in New Zealand, see our mortgage rates page.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.

by Philly | 12 Aug 09, 10:29am

Of course we know that

Of course we know that this gradual but sure rise in longer term interest rates can never have ever any conceivable impact on the inexorable rise in house prices that is about to get cracking............