Home Loan Rate Weekly Report

Variable rates now range from Napier Building Society's 7.50% to the NZ Mortgage Income Trust which is the highest at 8.95%.

In reality the range of floating rates is quite compressed if you take out the outliers who are not exactly the giants of the home loan market. Looking at it this way the major trading banks are all at the top, or near the top, of the table with rates of 8.60% (Westpac) and 8.50% for the others. At the low end is Kiwibank with 8.00% and NZ Mortgage Funds on 7.95%.

The action is in the one and two year fixed rate markets.

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