The nation's largest home loan lender, ANZ, has raised fixed mortgage rates by between 10 basis points and 20 basis points.
But ANZ already had lower rates than its main rivals and these latest increases don't take the ANZ card to new levels, only up to or just below their rivals.
ANZ still has the lowest one year fixed rate, at 3.45%, and the lowest 18 month rate, at 3.85%, among the main banks.
ANZ's new two year rate at 4.15% matches ASB and BNZ, but is higher than Kiwibank's 3.99%.
Update: TSB has also raised some mortgage rate at the long end. They also raised some term deposit rates.
Among all banks, Heartland Bank or ICBC have the lowest fixed-term rates on offer at present.
ANZ has also raised some term deposit rates for some terms of less than one year - by just five basis points.
Some steam has gone out of the wholesale rises in the past week, but they aren't reversing. These new higher rates are holding.
One useful way to make sense of these changed home loan rates is to use our full-function mortgage calculator which is also below. (Term deposit rates can be assessed using this calculator).
And if you already have a fixed term mortgage that is not up for renewal at this time, our break fee calculator may help you assess your options. But break fees should be minimal in a rising market.
Here is the updated snapshot of the lowest advertised fixed-term mortgage rates on offer from the key retail banks at the moment.
| Fixed, below 80% LVR | 6 mths | 1 yr | 18 mth | 2 yrs | 3 yrs | 4 yrs | 5 yrs |
| as at November 11, 2021 | % | % | % | % | % | % | % |
| ANZ | 4.00 | 3.45 +0.11 |
3.85 +0.16 |
4.15 +0.16 |
4.45 +0.21 |
5.24 | 5.54 |
 |
3.99 | 3.49 | 3.89 | 4.15 | 4.39 | 4.75 | 4.99 |
 |
3.89 | 3.49 | 3.89 | 4.15 | 4.39 | 4.79 | 4.79 |
 |
3.99 | 3.49 | 3.99 | 4.49 | 4.69 | 4.85 | |
 |
3.99 | 3.54 | 3.89 | 4.19 | 4.49 | 4.59 | 4.75 |
| Bank of China | 3.45 | 3.19 | 3.39 | 3.59 | 3.99 | 4.39 | 4.69 |
| China Construction Bank | 3.25 | 3.25 | 3.59 | 3.99 | 4.25 | 4.55 | 4.69 |
| Co-operative Bank | 3.34 | 3.34 | 3.69 | 3.99 | 4.24 | 4.69 | 4.85 |
| Heartland Bank | 2.79 | 3.15 | 3.44 | ||||
| HSBC | 3.69 | 3.29 | 3.59 | 3.84 | 4.19 | 4.49 | 4.69 |
| ICBC | 2.99 | 2.89 | 3.19 | 3.29 | 3.49 | 3.89 | 4.09 |
 |
3.79 | 3.15 | 3.45 | 3.69 | 3.75 | 4.29 | 4.49 |
 |
3.29 | 3.29 | 3.64 | 3.94 | 4.19 +0.05 |
4.54 +0.30 |
4.70 +0.26 |
Fixed mortgage rates
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Daily swap rates
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