Co-Op Bank latest to increase rates

Monday, November 14th 2016, 10:25AM 1 Comment

The Co-Operative Bank is the latest to increase its fixed rate home loans, bumping up three, four and five year rates between 10 and 20 basis points. Still, as expected, no one has cut floating rates.

Tags: Mortgage Rates

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Comments from our readers

On 14 November 2016 at 12:56 pm DT said:

Please choose from the following options (You may choose more than one)

We are raising our fixed home loan rates because:

A We choose to take no notice of the recent OCR cut
B We have to borrow money from overseas at marginally higher rates of interest
C We are worried about future increases in the already obscene salaries paid to our executives
D The banks in NZ do not compete with each other
E Our borrowers are basically stupid and believe everything we tell them

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Lender

Flt

1yr

2yr

3yr

AIA - Back My Build

3.34

AIA - Go Home Loans

6.14

4.75

5.25

5.29

ANZ

6.04

▲5.59

▲6.09

▲6.19

ANZ Blueprint to Build

7.39

ANZ Good Energy

1.00

ANZ Special

▲4.99

▲5.49

▲5.59

ASB Bank

6.04

▲4.99

▲5.45

ASB Better Homes Top Up

1.00

Avanti Finance - Near Prime

6.60

Avanti Finance - Specialised

7.75

Basecorp Finance

6.35

Lender

Flt

1yr

2yr

3yr

BNZ - Mortgage One

6.19

BNZ - Rapid Repay

6.19

BNZ - Std

6.09

▲4.99

▲5.45

BNZ - TotalMoney

6.19

CFML 321 Loans

4.20

CFML Home Loans

6.30

CFML Prime Loans

6.45

CFML Standard Loans

7.20

China Construction Bank

6.44

4.85

4.95

China Construction Bank Special

6.44

5.85

5.95

Co-operative Bank - First Home Special

4.74

5.29

5.59

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Flt

1yr

2yr

3yr

Co-operative Bank - Owner Occ

5.34

4.84

5.39

5.69

Co-operative Bank - Standard

5.34

5.89

6.19

Credit Union Auckland

7.70

First Credit Union Special

5.09

5.49

First Credit Union Standard

6.49

5.69

6.09

Heartland Bank - Online

5.80

5.89

Heartland Bank - Reverse Mortgage

7.99

Heretaunga Building Society

6.50

5.50

5.65

ICBC

5.39

4.49

4.99

5.25

Kainga Ora

5.79

4.59

4.95

5.19

Kainga Ora - First Home Buyer Special

Lender

Flt

1yr

2yr

3yr

6.00

5.65

6.09

6.19

Kiwibank - Offset

6.00

Kiwibank Special

5.75

4.75

5.19

5.39

Liberty

6.65

6.55

6.22

6.20

Nelson Building Society

▲6.79

▲4.99

▲5.49

Pepper Money Near Prime

6.55

Pepper Money Prime

5.99

Pepper Money Specialist

8.00

SBS Bank

5.84

5.39

5.89

SBS Bank Special

4.69

5.29

SBS Construction lending for FHB

3.74

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Flt

1yr

2yr

3yr

SBS FirstHome Combo

3.29

4.29

SBS FirstHome Combo

SBS Unwind reverse equity

7.99

TSB Bank

6.59

5.49

6.05

6.29

TSB Special

5.79

4.69

5.25

5.49

Unity First Home Buyer special

4.15

Unity Special

▲6.04

4.80

5.29

Unity Standard

▲6.04

5.60

6.29

Wairarapa Building Society

6.15

4.95

5.45

Westpac

6.14

5.59

6.05

5.95

Westpac Choices Everyday

6.24

Lender

Flt

1yr

2yr

3yr

Westpac Offset

6.14

Westpac Special

4.99

5.45

5.35

Median

6.15

4.99

5.47

5.49

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Co-Op Bank latest to increase rates

Monday, November 14th 2016, 10:25AM 1 Comment

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