BNZ is the main bank with the lowest one year carded rate at 7.09% which is -30 basis points (bps) lower than the new ANZ rate, -36 bps lower than ASB. Since early September (when ASB raised mortgage rates aggressively), wholesale money rates rose - and then they fell more recently. Swap rates actually fell quite sharply Tuesday, in line with the pull-back in benchmark bond yields. Here is the updated snapshot of the lowest advertised fixed-term mortgage rates on offer from the key retail banks at the moment. Daily swap rates Select chart tabs 1 year % 2 years % 3 years % 4 years % 5 years % 7 years % 10 years % Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA Opening daily rate Source: NZFMA

Source: Stuff October 25, 2023 02:41 UTC