BNZ has raised fixed mortgage rates for most terms.
However, they have left their two fighting rates unchanged in the key battlegrounds of two and three years fixed.
The new BNZ rates for one year, eighteen months, four years and five years have all risen to the main-bank levels of most of their rivals.
The new BNZ six month rate has been raised more, however, to 5.55% which is the highest of all the main banks even though it is a rise of only 6 bps.
The 90 day bank bill rate reached 3.18% yesterday, its highest level since February 2011, and that will be behind the pressure on short-term fixed rates.
Swap rates are also steadily inching higher.
It is now less than three weeks until the next RBNZ OCR review when it is widely expected that another 0.25% will be added to the OCR. Markets are pricing in that expected rise.
Other banks may wait until after the close of business to announce their changes in mortgage rates for next week.
See all banks' carded, or advertised, home loan rates here.
BNZ's latest fixed rates compare as follows:
| below 80% LVR | 1 yr | 18 mths | 2 yrs | 3 yrs | 5 yrs |
 |
5.85% | 5.99% | 5.95% | 6.85% | 7.40% |
 |
5.85% | 5.99% | 6.49% | 6.85% | 7.40% |
 |
5.85% | 5.99% | 5.95% | 6.29% | 7.40% |
| Kiwibank | 5.69% | 5.99% | 6.40% | 7.20% | |
 |
5.85% | 5.99% | 5.95% | 6.85% | 7.40% |
| Co-op Bank | 5.65% | 5.85% | 5.99% | 6.35% | 7.10% |
 |
5.59% | 5.79% | 6.55% | 7.20% | |
 |
5.50% | 5.75% | 5.90% | 6.20% | 6.85% |
| TSB | 5.40% | 5.85% | 5.99% | 6.40% | 7.20% |
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