ANZ has raised all fixed rate terms from 1 year thru to 5 years.

1 year fixed goes to 5.85% from 5.69% and 2 years fixed to 6.49% from 6.29%.

3 years fixed up 0.20% to 6.85%. 4 years fixed up 0.20% to 7.19%.

ASB has trimmed their 18 month fixed rate by 0.16% to 5.69% for under 80% lending. They are still running their “special” 2 year fixed rate of 5.95%.

Westpac having lowered their 3 year rate 2 weeks ago, shaved another 0.04% off it on Wednesday this week to now sit @ 6.35%.

ASB late last week cut its 2 year fixed rate to 5.95% for under 80% borrowers.

Westpac also trimmed its 3 year fixed rate down to 6.39% from 6.65%.

ANZ has today raised Fixed Interest Rates.

2 years fixed goes from 5.95% to 6.29% and 3 years fixed from 6.50% to 6.65%.

5 years fixed sits at an unattractive 7.20%.

ANZ is out this afternoon with a rise in 2,3,4 and 5 year fixed interest rates effective tomorrow.

3 years fixed goes to 5.95% from 5.80% and 5 years fixed to 6.45% from 6.30%.

This follows on from ASB raising 3,4,and 5 year fixed interest rates last week.

10 year treasury yields in the States took off like a scalded cat last week from mid ones to mid twos and our own 5 year swap rate at the time of writing up today at 4.06%.

Most of the major lenders are currently offering 1 year home loan fixed interest rates of 4.95%, most with various conditions attached, such as being being financed at under 80% of the properties value.

The Auckland property market, as widely reported, continues to truck along.  At auction yesterday a 3 bedroom 158 sqm brick and tile unit in Rewi Rd, Royal Oak, was knocked down at $803,000.

This was followed by committed bidding on a “character brick homestead” on a corner site of 1012 sqm at Astley Avenue in New Lynn.

Eventually selling for $831,000, the young couple who tried to slow the bidding down by bidding $1,000 when the bid was at $560,000, were presumably left to ponder another weekend of open homes.

Following on from recent Home Loan fixed interest rate cuts in the market of late, HSBC has cut their 1, 2, and 3 Year Fixed Interest Rates to 4.99% for “Premier” Customers.

As with most special offers out there currently, “conditions apply” for both new and existing customers. (The qualification for Premier is listed as; combined lending of $500,000 or more, or $100,000 in savings and investments).

Westpac has trimmed their 1 Year Fixed Interest Rate for those taking out $100,000 in new lending, and meeting other criteria, by 0.36% to 4.89%.

3 years fixed falls by 0.51% to 5.39% and 5 years fixed down 0.24% to 5.75%.

Westpac Bank has followed on from yesterdays decreases in its 6 month and 1 Year Fixed Interest Rates by releasing a 2 Year Special Fixed Rate of 4.99% today.

Customers who take out at least $50,000 of new lending will be eligible for this special rate and various other conditions apply.

Westpac has trimmed their 6 month and 1 Year Fixed Interest Rates by 0.15%.

Both rates now sit at 5.25%.

ASB has lowered their 3 and 4 year Fixed Interest Rates by 0.15% and their 5 Year Fixed Interest Rate by 0.25%.

These rates are now respectively listed at 5.75%, 5.95%, and 6.25%.  Their 2 year Fixed Interest Rate get raised by 0.20% to 5.45%.