|Feb 2017||Feb 2018||Oct 2018||Nov 2018||Dec 2018||Jan 2019||Feb 2019|
|New special residential mortgage interest rates (average % end of month)|
New customer special residential mortgage average interest rates at the end of month for registered banks.
Data is published approximately five weeks after the end of the reference month.
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.
Data are collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).
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 special advertised (or ‘discounted’) first mortgage interest rates offered by banks to new borrowers for residential property. Special rates or discounts are offered to borrowers who meet specific lending criteria, terms or conditions (e.g. at least 30 percent equity). May not be available to all borrowers.
New interest rate series published
The Reserve Bank has been working with banks to collect a wider range of advertised interest rates for both deposits and mortgage lending in a new Retail Interest Rates Survey.
At the beginning of this year we published revised data for “New residential mortgage standard interest rates” (table B20). We have now extended the series released from this survey and have published a new table, B21: New residential mortgage special interest rates. Both these tables are simple averages. Both tables now include fixed rates for 18 months.
Special (or ‘discounted’) interest rates are advertised first mortgage interest rates offered by banks to new borrowers for residential property. Special rates or discounts are offered to borrowers who meet specific lending criteria, terms or conditions (e.g. at least 30 percent equity).
Over the coming months, we plan to release further series from this survey, including interest rates for:
If you have any questions please contact firstname.lastname@example.org.
|0||Zero or value rounded to zero|
|light red background||Historical|