Kiwibank has made a number of home loan interest rate changes, effective Friday February 3, including ending the short-term "special" four-year fixed rate..

ASB is reducing some of its fixed home loan interest rates by up to 0.20%.

Kiwibank has today cut its four-year home loan rate from 6.79% p.a. to 5.99% p.a. The new rate significantly undercuts competing bank rates. Kiwibank Communications Manager Bruce Thompson said the bank traditionally likes to kick-start the year with a market-leading rate.

Kiwibank is offering a limited time home loan rate of 4.99% p.a. fixed for six months. Kiwibank Chief Executive Paul Brock said it is by far the lowest rate ever offered by the bank and significantly under cuts the other main banks.

HSBC has today announced that it will be dropping its two, three, four and five year fixed home loan rates, with immediate effect.

ASB is reducing its fixed home loan interest rates by up to 0.40%.

Kiwibank has announced a 30 month mortgage rate special of 5.99% p.a. effective today. This special rate is at least 0.31% lower than the other major banks' two year rates and 0.71% lower than their three year fixed rates.

HSBC has today announced that it will be dropping its one, two, three, four and five year fixed rates to again offer the lowest fixed home loan rates that are available in New Zealand*.

Kiwibank has today launched a one-year home loan special of 5.65% p.a. The rate is believed to be lowest fixed rate of any major bank operating in New Zealand.

ASB is responding swiftly to wholesale funding market movements, and reducing its home loan fixed interest rates.

BNZ has announced a brand new Resilience Package for home owners in the red zone following the government's land zoning announcement yesterday.

Kiwibank has today announced a special home loan package for people affected by the earthquakes in Christchurch and eligible for the Government's red zone assistance.

Prime Minister John Key today welcomed ANZ's $1 billion dollar commitment of special mortgage lending to help Christchurch homeowners relocate.

ANZ New Zealand today announced it has committed $1 billion in new residential mortgage lending and has introduced a special low interest rate for one year to help Christchurch residents relocate from the residential red zones where the Government has made an offer to purchase.

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “The outlook for the New Zealand economy has improved since the publication of the March Statement.

In just four years, BNZ customers have been spared over $64 million in interest on their home loans thanks to the offsetting features of the bank's TotalMoney account.

In just four years, BNZ customers have been spared over $64 million in interest on their home loans thanks to the offsetting features of the bank's TotalMoney account.

Mortgage Express honoured their top Brokers and Sales Consultants at three different regional ceremonies held around the country last week.

Kiwibank has given notice that the six-month home special of 5.40% p.a. will end on Monday May 9, 2011. The rate will return to the pre-special rate of 5.75% p.a.

Kiwibank has today launched a six-month fixed rate mortgage special of 5.40% p.a., the lowest home loan rate it has offered since it opened more than nine years ago. Kiwibank Chief Executive Paul Brock said the special was expected to be available until the end of April.

Kiwibank has reduced its one-year fixed home loan rate by 0.15% p.a. to 5.80% p.a. It has also ended the "special" six month rate promotion, increasing the rate from 5.59% to 5.75% p.a. The changes are effective from 18 March 2011.

Customer-owned SBS Bank has responded swiftly to today's cut in the Official Cash Rate (OCR) by announcing a competitive 50 basis point drop to its floating home loan rates.

Now is the time to check mortgage interest rates and reconsider repayments, given today's drop in the Official Cash Rate (OCR), according to Sorted.

Kiwibank has responded to this morning's cut in the Official Cash Rate by cutting its floating interest rates by 0.50 percent to 5.65 per cent p.a. The cut is immediate for new customers and effective in two weeks for existing customers.

The Bank of New Zealand has reduced its variable housing rates by 50 bps and its 6 month fixed rate by 45 bps. Tim Main, Treasurer at BNZ says;

ASB has today announced decreases to its variable lending and on call savings account interest rates.

The Reserve Bank today reduced the Official Cash Rate (OCR) by 50 basis points to 2.5 percent.

HSBC has today announced it has dropped its one, two and three year fixed interest rates with immediate effect, meaning that the Bank is the market leader across all fixed home loan interest rates for the major banks*.

“Over the next decade, New Zealand will have a housing shortage of some 95,000 homes. Now we are facing a shortage of 70,000 homes.” I question this statement, as where are all these people supposedly residing now. Is there really that much overcrowding in New Zealand?

Kiwibank has today cut all its fixed-term home loan rates with immediate effect.