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Floating mortgage rates

With interest rates on two-year bank mortgage rates seemingly poised to rise above floating rates, could we see growth in the number of borrowers choosing to float over fixing?
21st Apr 22, 10:13am
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With interest rates on two-year bank mortgage rates seemingly poised to rise above floating rates, could we see growth in the number of borrowers choosing to float over fixing?
With the end of what might've felt like a year of treading water nigh, we look at what 2022 may hold for housing, interest rates and the Kiwi dollar
1st Dec 21, 11:46am
by Toby Allen
25
With the end of what might've felt like a year of treading water nigh, we look at what 2022 may hold for housing, interest rates and the Kiwi dollar
Kiwibank CEO Steve Jurkovich says banks could use cheap RBNZ Funding for Lending Programme money to lower floating mortgage rates
26th Feb 21, 7:49am
Kiwibank CEO Steve Jurkovich says banks could use cheap RBNZ Funding for Lending Programme money to lower floating mortgage rates
Don't hold your breath if you're waiting for floating mortgage rate cuts from the big four banks. But do haggle with 'em if you want a lower rate
25th Jan 21, 10:48am
6
Don't hold your breath if you're waiting for floating mortgage rate cuts from the big four banks. But do haggle with 'em if you want a lower rate
With the Reserve Bank's Funding for Lending Programme set to offer banks very cheap funding, there's plenty of scope for banks to cut floating mortgage rates, Kiwibank's economists argue
17th Nov 20, 9:00am
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With the Reserve Bank's Funding for Lending Programme set to offer banks very cheap funding, there's plenty of scope for banks to cut floating mortgage rates, Kiwibank's economists argue
Kiwibank CEO Steve Jurkovich says the bank has been preparing for the likelihood of a negative OCR by looking closely at what it's likely to mean for product management and customer behaviour
2nd Sep 20, 9:30am
13
Kiwibank CEO Steve Jurkovich says the bank has been preparing for the likelihood of a negative OCR by looking closely at what it's likely to mean for product management and customer behaviour
ANZ, ASB, BNZ and Westpac's advertised floating, or variable, borrowing rates unmoved so far since Kiwibank's 100 basis points rate cut
18th Jun 20, 2:16pm
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ANZ, ASB, BNZ and Westpac's advertised floating, or variable, borrowing rates unmoved so far since Kiwibank's 100 basis points rate cut
Kiwibank CEO Steve Jurkovich says 'flight to safety' has led to a glut of deposits & 'some people are finding it difficult' with low rates. Advises no 'hard stop' on mortgage deferrals
14th Jun 20, 6:02am
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Kiwibank CEO Steve Jurkovich says 'flight to safety' has led to a glut of deposits & 'some people are finding it difficult' with low rates. Advises no 'hard stop' on mortgage deferrals
Kiwibank throws a cat among the pigeons with cuts to its floating mortgage rate and other variable borrowing rates in move that could benefit small businesses
11th Jun 20, 11:10am
53
Kiwibank throws a cat among the pigeons with cuts to its floating mortgage rate and other variable borrowing rates in move that could benefit small businesses
BNZ, Westpac, ANZ, ASB and Kiwibank cut floating mortgage rates to match RBNZ's 75 basis points OCR cut, some savings rates lowered too
16th Mar 20, 8:52am
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BNZ, Westpac, ANZ, ASB and Kiwibank cut floating mortgage rates to match RBNZ's 75 basis points OCR cut, some savings rates lowered too
Heartland launches online home loan offers with aggressive one to three year fixed rates and a floating rate as it tests appetite for digital mortgages
5th Mar 20, 7:35am
31
Heartland launches online home loan offers with aggressive one to three year fixed rates and a floating rate as it tests appetite for digital mortgages
Gareth Vaughan questions whether banks' floating mortgage interest rates can be justified in a low interest rate world
30th Apr 19, 5:05pm
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Gareth Vaughan questions whether banks' floating mortgage interest rates can be justified in a low interest rate world
Heartland targeting residential mortgage borrowers who want speed & certainty, not the best rate, in new online home loan offer
3rd Feb 17, 12:07pm
4
Heartland targeting residential mortgage borrowers who want speed & certainty, not the best rate, in new online home loan offer
We missed it yesterday, but Kiwibank has also raised all its floating mortgage rates, although retains the position of 'lowest in market'
10th Jan 17, 10:54am
11
We missed it yesterday, but Kiwibank has also raised all its floating mortgage rates, although retains the position of 'lowest in market'
Co-operative Bank CEO Bruce McLachlan argues banks penalising floating mortgage customers for margin pressure elsewhere is not rational
19th Mar 16, 6:02am
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Co-operative Bank CEO Bruce McLachlan argues banks penalising floating mortgage customers for margin pressure elsewhere is not rational
We put a value on what the banks are gaining and will retain by not passing on all of the OCR cut to borrowers
15th Mar 16, 4:22pm
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We put a value on what the banks are gaining and will retain by not passing on all of the OCR cut to borrowers
The first major bank to respond to today's RBNZ OCR cut decides not to pass all of it on, despite the RBNZ's guidance to do so
10th Mar 16, 5:31pm
28
The first major bank to respond to today's RBNZ OCR cut decides not to pass all of it on, despite the RBNZ's guidance to do so
The RBNZ's view on the neutral interest rate highlights a risk it thinks current monetary policy settings 'are more stimulatory than they actually are'
24th Sep 15, 12:02pm
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The RBNZ's view on the neutral interest rate highlights a risk it thinks current monetary policy settings 'are more stimulatory than they actually are'
Westpac holds back some of the OCR cut, only drops their floating rate by 15 bps. Kiwibank first to pass on new lower floating rate, ANZ follows with full cut
10th Sep 15, 9:24am
2
Westpac holds back some of the OCR cut, only drops their floating rate by 15 bps. Kiwibank first to pass on new lower floating rate, ANZ follows with full cut
Of the home loan floating rate changes so far, BNZ has cut the most and Westpac has cut the least
13th Jun 15, 9:48am
6
Of the home loan floating rate changes so far, BNZ has cut the most and Westpac has cut the least
HSBC Premier rates for 1 and 2 year terms set at 4.95%, in addition to cutting their floating rates by -24 bps
12th Jun 15, 4:49pm
HSBC Premier rates for 1 and 2 year terms set at 4.95%, in addition to cutting their floating rates by -24 bps
BNZ makes cuts to floating mortgage rates and its farm first overdraft following OCR cut
12th Jun 15, 11:24am
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BNZ makes cuts to floating mortgage rates and its farm first overdraft following OCR cut
David Chaston finds that few home loan borrowers need to face the fix-or-float issue - there are more important matters to figure out
8th Jun 15, 3:02pm
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David Chaston finds that few home loan borrowers need to face the fix-or-float issue - there are more important matters to figure out
Floating mortgage rate cuts take standard RESIMAC rate well under the banks
8th Jun 15, 11:19am
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Floating mortgage rate cuts take standard RESIMAC rate well under the banks
Gareth Vaughan argues it's time for banks to cut unjustifiably high floating mortgage rates
26th Mar 15, 4:00am
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Gareth Vaughan argues it's time for banks to cut unjustifiably high floating mortgage rates