Latest Interest Rates
Check back here regularly to see the latest mortgage interest rates from the major banks.
Last updated: 4 June 2026 at 08:45 pm
Best Available Rates
6 months
4.49%
ASB, BNZ, Kiwibank
1 year
4.65%
ASB, BNZ
18 months
4.95%
ASB, BNZ
2 years
5.19%
BNZ, Westpac
| Bank | 6 months | 1 year | 18 months | 2 years | 3 years | 4 years | 5 years |
|---|---|---|---|---|---|---|---|
| ANZ | 4.69% | 4.79% | 5.19% | 5.49% | 5.69% | 6.39% | 6.49% |
| ASB | 4.49% | 4.65% | 4.95% | 5.25% | 5.49% | 5.69% | 5.89% |
| BNZ | 4.49% | 4.65% | 4.95% | 5.19% | 5.39% | 5.59% | 5.79% |
| Kiwibank | 4.49% | 4.75% | - | 5.29% | 5.55% | 5.89% | 5.99% |
| Westpac | 4.69% | 4.79% | 5.09% | 5.19% | 5.49% | 5.59% | 5.79% |
Disclaimer: Interest rates are indicative only and subject to change without notice. Rates shown are for owner-occupied properties and may vary based on loan amount, LVR, and other factors. Contact us for the latest rates applicable to your situation.
How to Compare Mortgage Interest Rates
The lowest advertised mortgage rate is only one part of the decision. A good loan structure also considers how long you plan to hold the property, whether you may sell or refinance, how much certainty you need, and whether features like offset accounts, revolving credit, extra repayments, or cashback conditions matter.
Compare the whole deal
Look beyond the headline rate. Fees, cashback clawbacks, account features, and legal costs can change the real value of a mortgage offer.
Match the term to your plans
A short fixed term can suit borrowers who want flexibility, while a longer term can help households that value repayment certainty.
Ask what you qualify for
Lenders assess income, expenses, deposit, credit history, property type, and LVR before deciding what rate and lending structure they will actually offer.
Mortgage Interest Rate FAQs
Are the lowest mortgage rates always the best option?
Not always. The lowest advertised rate can still be the wrong fit if the loan term, break cost risk, cashback conditions, offset options, or repayment flexibility do not match your plans.
How often do NZ mortgage interest rates change?
NZ mortgage rates can change whenever lenders update pricing, funding costs, OCR expectations, or special offers. Published rates are useful for comparison, but your final offer depends on your borrower profile and property details.
Should I choose a short fixed rate or a longer fixed rate?
Shorter fixed terms can keep you closer to future rate changes, while longer terms can provide more repayment certainty. The right split depends on your income, risk tolerance, plans to sell or refinance, and how much certainty you need.
Need Help Choosing the Best Rate?
Our mortgage advisers can help you find the best rate for your situation and negotiate with banks on your behalf.
Talk to an Adviser