Kiwibank increases 5 year mortgage rate to 6.75% too

Now there's a full set of banks who have increased their five year mortgage rates. ASB began the trend of rising long term mortgage rates on February 15, as reported first here, and has been followed by Westpac, BNZ and ANZ National over recent days. ANZ-National's decision to lift 5 year rates yesterday caused quite a stir, although it was the last of the big banks to move. Now Kiwibank has fallen in line by increasing its standard 5 year mortgage rate to 6.75% from 6.49%, while it has also increased its 'adaptor' loan for low doc 5 year mortgages to 7% from 6.74%. See all the bank and non-bank mortgage rates here.