ANZ and National Bank raise long term mortgage rates

ANZ and National Bank announced they would raise long term mortgage rates on Tuesday morning by between 10 and 15 basis points (bps). The move follows other increases by BNZ, TSB, Kiwibank and ASB. However, despite being owned by the same banking group, the two separate arms of ANZ National made some slightly different changes to the rates. Both raised their standard 18 month mortgage rates by 10 bps to 5.89%. National Bank raised its three year rate by 10 bps to 6.95%; four year by 15 bps to 7.55%; and five year by 10 bps to 7.95%. ANZ raised its three year rate by 14 bps to 6.99%; four year by 10 bps to 7.50%; and five year by 14 bps to 7.99%. See all the latest rates on our mortgage rates page.