ANZ MORTGAGE rates

2022 - 4 - 13

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Image courtesy of "Stuff.co.nz"

BNZ, ANZ, ASB move to raise interest rates after official cash rate hike (Stuff.co.nz)

First banks move after Reserve Bank announces big rate change.

This also has an impact on our fixed interest rates for home loans,” he said. ASB lifted its variable rate from 4.85 per cent to 5.35 per cent and its Orbit home loan from 4.95 per cent to 5.45 per cent. It passed on the full 50 basis point OCR increase to its floating interest rate and flexible home loan interest rate, which will increase to 5.54 per cent and 5.65 per cent, respectively. * ASB and Westpac lift home loan rates following Reserve Bank OCR hike BNZ and ANZ have both moved to lift home loan interest rates after the Reserve Bank increased the official cash rate (OCR) to 1.5 per cent on Wednesday. BNZ’s floating rate will increase from 5.15 per cent to 5.5 per cent.

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Image courtesy of "Newstalk ZB"

Third bank increases mortgage rates after cash rate rise (Newstalk ZB)

A third bank has lifted its variable home loan rates in the wake of yesterday's increase to the official cash rate. ASB will lift its floating mortgage ra.

This also has an impact on our fixed interest rates for home loans," Kelleher said. "For the housing market, the implications are clear – even though mortgage rates have already been rising again in recent weeks, this process isn't over yet. Third bank increases mortgage rates after cash rate rise Third bank increases mortgage rates after cash rate rise ASB will lift its floating mortgage rate from 4.85 per cent to 5.35 per cent and its orbit rate from 4.95 per cent to 5.45 per cent. ANZ announced its floating and flexible home loan interest rates would go up 0.5 per cent to 5.54 per cent and 5.65 per cent (per annum) respectively.

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Image courtesy of "Interest.co.nz"

What happened Thursday (Interest.co.nz)

A review of things you need to know before you go home on Thursday; more rate rises, housing sales slumped in March, factories expanded, eyes on health ...

As an example we are renovating offices in about 5-6 countries right now and I compare the cost in NZ to for example the US / Italy or India and NZ costs in multiples more it’s - bassically out of control the difference per square meter. That means the TWI-5 is now at 73.9, and and a -70 bps depreciation since this time yesterday. And to all those who bought, leveraged to the eyeballs, since August of last year........ "Costs in NZ are so out of control it’s a wonder anyone can get anything done here. The 90 day bank bill rate is up a very unusual +7 bps at 1.79%. The Australian Govt ten year benchmark bond rate is down -7 bps from this time yesterday, now at 2.98%. The China Govt 10yr is little-changed at 2.82%. And the New Zealand Govt 10 year bond rate is down -4 bps at 3.47% and just below the earlier RBNZ fix for that 10yr rate at 3.48% (down -7 bps) which pre-dated the OCR call. Be great if it was easier to bring people in in order to help drive some costs down and rebalance supply / demand. And property sellers finally converting from auction to 'price by negotiation'. The party is over. The US Govt ten year is now at 2.68% and another down -7 bps since this time yesterday in a growing reversal. The ASX200 is up +0.4% in early afternoon trade. Fund manager Kernel is adding a new KiwiSaver option in addition to its index fund set. The factory sector seems to be doing well, with the March PMI expanding slightly faster than in February. But the overall result was kept up by strong new order inflows. Those 'strong' new orders may just be an over-reaction buy buyers who just want to get their goods and feel they now need to over-order or bring forward orders.

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Image courtesy of "New Zealand Herald"

Third bank increases mortgage rates after cash rate rise (New Zealand Herald)

The Reserve Bank increased the OCR from 1 per cent to 1.5 per cent yesterday.

"For the housing market, the implications are clear – even though mortgage rates have already been rising again in recent weeks, this process isn't over yet. This also has an impact on our fixed interest rates for home loans," Kelleher said. The new variable rates for the ASB come in from April 27 for new loans and May 4 for existing loans. ANZ announced its floating and flexible home loan interest rates would go up 0.5 per cent to 5.54 per cent and 5.65 per cent (per annum) respectively. ASB will lift its floating mortgage rate from 4.85 per cent to 5.35 per cent and its orbit rate from 4.95 per cent to 5.45 per cent. Its move follows ANZ and BNZ who both lifted their variable rates yesterday soon after the Reserve Bank increased the OCR from 1 per cent to 1.5 per cent.

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