BNZ hits longer fixes again as wholesale costs bite - News Summed Up

BNZ hits longer fixes again as wholesale costs bite


BNZ has lifted home loan pricing for the second time in a week, responding to higher wholesale funding costs and rising global risk. The bank has now increased several longer‑term fixed mortgage rates twice in eight days, targeting borrowers who prefer to “set and forget” their repayments. BNZ’s standard five‑year fixed rate now sits at 5.79%, up 0.40 percentage points from earlier levels, while the four‑year rate has climbed to 5.59%. Three‑year pricing is at 5.29% and the two‑year rate at 4.89%, Stuff, interest.co.nz, and 1News reported.


Source: Stuff March 25, 2026 07:07 UTC



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