interest.co.nz

Publisher in Auckland, New Zealand

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interest.co.nz

interest.co.nz
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Interest.co.nz has obtained a copy of a report on the attestation regime, done by Deloitte at the behest of the Reserve Bank (RBNZ). (See more at the bottom of this article on how and why we got the report).

According to interest.co.nz calculations, the average rate on fixed mortgage rates has been rising. For example the two-year fixed rate after hitting a low of 3.46% in November has now climbed back up to 3.55%. And this will likely increase as other banks move to match the ANZ's increase this week.

And they have set their one year fixed rate at 3.45%. Although their website said this rate was 3.55%, the bank confirmed to interest.co.nz that they would apply a 3.39% rate to anyone who asked. So effectively this is a +6 bps increase.

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