|Dec 2019||Dec 2020||Aug 2021||Sep 2021||Oct 2021||Nov 2021||Dec 2021|
|New standard residential mortgage interest rates (average % end of month)|
New customer standard residential mortgage average interest rates at the end of month for registered banks.
Data is published five working days after the end of the reference period.
Data is released on the Reserve Bank’s Statistics page.
The Statistics Release Calendar provides a long-term plan of scheduled releases. It is updated and released on the first working day of the month.
View the Statistics Release Calendar page.
Data are collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).
Read the Reserve Bank of New Zealand Act 1989.
The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.
Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website as a special note.
Any major changes in methodology are posted on the website as a special note.
A copy of the survey template and definitions is available here.
The Reserve Bank publishes data on the weighted floating first mortgage new customer housing rate in the Retail interest rates on lending and deposits (B3).
Interest.co.nz publishes mortgage interest rates for a range of terms.
The interest rates recorded here are simple averages of the advertised (or ‘carded’), standard, first mortgage interest rates offered by banks to new borrowers for residential property. Any special rates or discounts offered to borrowers with conditions (e.g. 30 percent equity) are excluded from the results.
Please note that the same floating interest rate source is published as a weighted average advertised rate for standard first mortgage interest rate borrowers in the B3 web table compared to a simple average in B20 – so the two rates will not necessarily align.
|0||Zero or value rounded to zero|
|light red background||Historical|