ANZ has changed two short-term fixed mortgage rates.
This follows yesterday's announcement from Kiwibank withdrawing their 6 month fixed "pre-Christmas special.
On Saturday morning, ANZ removed their 4.95% "special <80% LVR" for fixed terms of both six months and one year.
In their place, they have new 5.25% Standard rates - for six months this is a reduction of 35 bps from 5.60%, and for the one year fixed term this is a reduction of 20 bps from 5.45%.
All other ANZ mortgage rates are unchanged at this time.
Only Westpac currently has a "special" offer for the six month and one year term, which is 4.95% where the LVR is 80% or less.
You can find all current mortgage rate offers here.
------------------------------------------------------
Mortgage choices involve making a significant financial decision so it often pays to get professional advice. A Roost mortgage broker can be contacted by following this link »
------------------------------------------------------
Here is a current market comparison of rate offers for mortgages with a one year fixed term:
| 1 years fixed | |
| ANZ | 5.25% |
| ASB | 5.45% |
| BNZ | 5.25% |
| Kiwibank | 5.25% |
| Westpac - Special | 4.95% |
Other banks have these offers for the same term:
| The Co-operative Bank | 4.99% |
| HBS Bank | 4.95% |
| HSBC Premier | 5.25% |
| SBS Bank | 4.95% |
| TSB Bank | 5.25% |
A borrower's ability to negotiate lower rates will depend on the strength of their financial situation and their overall relationship with their bank.
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.