More banks are shifting fixed home loan rates. Today (Wednesday) it is BNZ.
BNZ's moves are in both directions.
Going up are their 6 month, 1 year, 18 month, and two year rates.
Going down are their 3, 4 and 5 year fixed rates.
The net result of these changes is that BNZ now has the highest six month rate at 4.69%, matching Westpac and ANZ.
They also have the highest 1 year rate, matching Westpac, the Cooperative Bank and TSB.
Their 18 month rate now matches Westpac at 5.09% but is lower than ANZ or TSB.
Their two year rate at 5.29% is the highest of their main rivals, matching ANZ and Kiwibank.
BNZ's 3, 4 and 5 year fixed rates are now among the lowest compared to their main rivals, basically matching Westpac.
These changes come hot on the heels of yesterday's rate change announcement from ANZ.
Unlike ANZ, BNZ did not make any term deposit rate changes at the same time.
To compare mortgage rate offers in a way that includes the application and account fees costs, (or break fee costs if you need to do that), and applying the impact of a cashback/legal fee reimbursement, or other incentives, you can use our home loan comparison calculator. You can find it here. Or, for convenience, we have added it to the bottom of this article.
Negotiate, (even with your mortgage broker). How flexible banks may be will depend on the strength of your financials.
One other useful way to make sense of the changed home loan rates is to use our full-function mortgage calculator which is here.
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. Break fees will be minimal in a rising market.
Here is the 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 June 24 2026 | % | % | % | % | % | % | % |
| ANZ | 4.69 | 4.65 -0.14 |
5.19 | 5.29 -0.20 |
5.49 -0.20 |
6.39 | 6.49 |
 |
4.49 | 4.65 | 4.95 | 5.25 | 5.49 | 5.69 | 5.89 |
 |
4.69 +0.20 |
4.79 +0.14 |
5.09 +0.14 |
5.29 +0.10 |
5.29 -0.10 |
5.39 -0.20 |
5.49 -0.30 |
 |
4.49 | 4.75 | 5.29 | 5.55 | 5.89 | 5.99 | |
 |
4.69 | 4.79 | 5.09 | 5.19 | 5.29 | 5.39 | 5.49 |
| Bank of China | 4.38 | 4.58 | 4.68 | 4.88 | 5.18 | 5.48 | 5.68 |
| China Construction Bank | 4.40 | 4.49 | 4.49 | 4.54 | 4.90 | 5.10 | 5.20 |
| Co-operative Bank | 4.59 | 4.79 | 5.15 | 5.39 | 5.65 | 5.85 | 5.99 |
| ICBC | 4.39 | 4.49 | 4.75 | 4.99 | 5.25 | 5.45 | 5.65 |
 |
4.49 | 4.69 | 4.95 | 5.19 | 5.39 | 5.55 | 5.69 |
 |
4.69 | 4.79 | 5.19 | 5.25 | 5.59 | 5.89 | 5.99 |
Fixed mortgage rates
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Daily swap rates
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