HSBC has announced it will hold its six month mortgage rate at 4.99%, which leaves it as the lowest mortgage rate on offer by a bank.
However, customers must have a mortgage worth NZ$500,000 or savings of NZ$100,000 to qualify for a loan.
Other banks increased their 6 month mortgage rates after the Reserve Bank put up its Official Cash Rate by 25 basis points on July 29.
See more on the first round of rate hikes and cuts here and the second round of longer term rate cuts.
HSBC also cut its 4 year mortgage rate to 7.30% from 7.45%.
However, HSBC increased its one year mortgage rate to 5.99% from 5.74%.
It also increased its variable mortgage rate from 6.30% to 6.49%.
See our previous story here on HSBC's rate cuts in early July.
See our interactive chart of average bank mortgage rates here and below.
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