ANZ-National cuts mortgage rates in line with other banks

ANZ-National cuts mortgage rates in line with other banks
ANZ and National Bank have cut their six month, three and four year rates. The new three year rates of 5.99% were brought in line with leading bank competitors after a cut of 36 basis points. For a full list of rates, see here. The banks' six month rates were cut by 20 basis points to 5.79%, in line with Westpac. BNZ still leads that market with a special offer of 4.99%. Four year rates were cut by 10 basis points to 6.40%, equal to Westpac's rate but still above 6.30% offered by ASB and 6.39% offered by BNZ. The new rates will come into effect on March 3. To see mortgage rates offered by financial institutions in New Zealand, click here.

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.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.