Category Archives: Home Loan Fixed Interest Rates

Movements in Home Loan Fixed Interest Rates

5.30% 2 years fixed

2 years fixed @ 5.30% with $2,000 cash for an existing Bank customer looking to re-fix a modest loan coming off its fixed rate was obtained today.

This is substancially under the advertised 2 year “special rate” of 5.55%.

Competition by the Banks for home lending is fierce. Be aware.

Swap rates continue to decline

The 5 year swap rate has cemented recent declines to today sit @ 3.66%. This is down from 4.27% on the 2nd of November 2014 and 4.52% a year prior. A driver of 5 year fixed interest rates for home loans it is down from 3.96% as recently as mid December.

Negotiate hard with your bank if seeking the certainty of a 5 year fixed interest rate as the advertised 5 year rate’s are in excess of the available rate at present…

5 year Fixed Swap Rates Fall

Highlighting a bout of volitility in financial markets over Russia and Oil price woe’s our 5 year swap rate has settled at 3.96% today.

This is down from 4.27% on the 2nd of November and 4.52% a year prior.

Negotiate hard with your bank if seeking the certainty of a 5 year fixed interest rate as there is plenty of margin in it.  5 years fixed under 6% is available.

ANZ Cuts Fixed Interest Rates

NZ’s largest bank the ANZ has cut their Fixed Interest Rates with 6 months fixed right through to 5 years fixed all getting a trim.

A number of “Specials” are also available for those with 20% equity.  1 year 5.59% p.a. a drop of -0.10%. 2 years 5.75% p.a. And 3 years 5.99% p.a.

The Auckland property market continues to amaze with a modest 1980’s townhouse on 295 sqm in Springwood Place off Balmoral Rd, selling at a competitive auction for $1,080,000 recently.